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INDEX 



STATISTICAL SUMMARY 



BANK OF CANADA 




1938 



65IR51 



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INDEX 1938 



M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

A 

Agriculture 

Animal Products: production: value 101 101 

See also Bacon & Hams; Beef; Cattle, Meat & Fish; Furs, 
Skins & Raw Leather; Livestock; and Meats 

Dairy & Farm Animal Products: value and index of value .... 101 101 

Dairying: production: value and volume: by commodities .... 134 134 

by regions 134 

See also Butter, Cheese, Dairy Products and Milk 
Exports — see individual commodities or groups, or External Trade 

Field Crops: value and index of value 101 101 

See also Grains & Flour, Wheat, and Wheat & Flour 

Grains: export balance: grains & grain products 185 

wholesale price index 197 

See also Grains & Flour, Wheat, and Wheat & Flour 

Gross Value of Agricultural Production 101 101 

Imports — see individual commodities or groups, or External Trade 
Income — see Farm Income 

Prices — see individual commodity or group headings, or Retail Price 
Indexes, Wholesale Prices, Wholesale Price Indexes 

Production: gross value 101 101 

See also individual headings above and commodity or group headings 
See also individual commodities or groups and Farm Products 

Animal Products — See Agriculture; Bacon & Hams; Beef; Cattle, Meat 
& Fish; Furs, Skins & Raw Leather; Livestock; 
and Meats 

Asbestos 

Production: value 33, 34, 203 

volume 33, 203 . 203 

Automobiles & Trucks 

Exports: volume 15, 66, 115, 168 . . 66 

Imports: volume 66 

Production: volume M 66, 196 

See also Motor Vehicles 

B 

Bacon & Hams 

Exports: volume 15, 66, 115, 168 

Balance of International Payments 

Estimates 199 

See also External Trade: Merchandise Trade Balance, International 
Purchases & Sales of Securities, and Tourist Trade 

Bank Debits 

By Cities 57, 159 .... 57, 105, 159 

Total 57, 159 .... 57, 105, 159 

Bank Loans — See Chartered Banks and Federal Reserve System 

Bank of Canada 

Assets & Liabilities M ..... M 

Assets & Liabilities: monthly backlog from Apr. 1935 70,71 

Deposits M 104, 155 

Investments M M 

Note Circulation: active M M 

active & total M 104, 155 

See also Note Circulation 

Reserve M M 



I 

INDEX 1938 



M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Banks 

Canada — See Bank of Canada, Chartered Banks and 

Savings Institutions 
U.K. — See London Clearing Banks 
U.S.A. — See Federal Reserve System 

Base Metals — See Non-Ferrous Metals 

Beef 

Retail Price Index 148 

Bleached Sulphite Pulp 

Wholesale Price 32,81,130,183 . 64 

Bond Issues (New, Refunding & Retirements) 

New Issues: Canada: sales & deliveries 9,61,110,161 . . 5,61,107,158,162 

U.K 102, 204 

U.S.A 17,119 

Refunding Issues: sales & deliveries 9,61,110,161 . . 5,61,107,158,162 

Retirements: refunded & other 9,61,110,161 . . 5,61,107,158,162 

Summary of Changes in Currency of Payment 9, 111, 162 

See also Government Bonds and Balance of International Payments 

Bread 

Retail Price Index 148 

Brick 

Production: value 203 

volume 203 203 

Brokers' Loans 42, 95, 144, 195 

See also Chartered Banks: Loans, call 

Building & Building Materials — See Construction 

Butter 

Production: value 134 

value & volume by regions 134 

volume 134 134 

Retail Price Index 148 

Butter & Cheese 

Exports: value 45, 100, 151, 202 

See also Cheese 

c 

Call Loans — See Chartered Banks: Loans 

Canadian National Railways 

Bonds: prices & yields 7,24,60,126,194 . . 126 

See also Government Bonds 194 

Bonds Outstanding: total, gtd. and ungtd. by currency of payment 8, 111 

total, not gtd. by Dominion 94 

Deficit 93, 178 

Loans from Dominion 93, 178 

New Issues — See Bond Issues 
Refunding Issues — See Bond Issues 
Retirements — See Bond Issues 

Capital Issues — See Bond Issues 



INDEX 1938 



M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Carloadings 

Loadings: by products 63, 165 

total M 

Cash 

Canada: chartered banks M M, 2, 36, 37, 53, 87, 104, 

121, 122, 138, 155, 190 

sources & distribution M M 

U.K.: London clearing banks 102, 204 

Cash Ratio (Chartered Banks) M 

Cattle, Meat & Fish 

Exports: value 45, 100, 151, 202 

See also Bacon & Hams; Beef; Fisheries; Livestock; and Meats 

Cement 

Production: value 203 

volume 203 203 

Central Electric Stations — See Electric Power 

Chartered Banks 

Assets & Liabilities M M 

Assets & Liabilities: monthly backlog from Mar. 1935 55, 56 

Assets: distribution M 36,37, 121, 122 

Cash M M, 2, 36, 37, 53, 87, 104, 

121, 122, 138, 155, 190 
Cash Ratio M 

Debits: by cities 57, 159 .... 57, 105, 159 

total 57, 159 .... 57, 105, 159 

Deposits: annual classification 21 19 

Canadian: demand M 19,38,39, 123, 124, 172 

time M 19,38,39, 123, 124, 172 

total M 2,73,87, 138, 156, 

172, 190 

foreign public - .... M 38,39, 123, 124 

Investments M 5,36,37,88,90, 107, 121, 

122, 141, 158, 175, 191 

Liabilities: distribution M 38, 39, 123, 124 

Loans: annual classification 22 20 

Loans: call: Canada M 192 

total M 36,37, 121, 122 

current: Canada: to public M 4,20,89, 106, 

140, 157, 174 

total M 36,37, 121, 122 

total 88, 191, 

Note Circulation — see also Note Circulation M . . . . 38, 39, 123, 124 

Ratio of Loans & Securities to Deposits 88, 191 

Ratio of Public Demand to Time Deposits 54, 173 

Security Holdings — see Investments (above) 

Cheese 

Exports: volume 15, 66, 115, 168 

Production: value 134 

value & volume by regions 134 

volume 134 134 

Retail Price Index 148 

See also Butter & Cheese 

Chemical Products 

Exports: value 45, 100, 151, 202 

Imports: value 44, 99, 150, 201 

value: percentage change 201 



INDEX 1938 



M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Clothing 

Retail Price Index 49, 149 

Coal 

Consumption: volume 186 187 

Employees, Salaries & Wages: by provinces 186 

Exports: volume: by provinces 186 

total 186 187 

Imports: volume 14, 65, 114, 167, 186 . 14, 187 

Production: value: by provinces 33, 34, 186 

total 34, 186, 203 

volume: by provinces 33, 34, 186 

total 33, 186, 203 .. . 14, 187 

Wholesale Price 32, 81, 130, 183 

Coal & Coke Products 

Imports: value 44, 99, 150, 201 

value: percentage change 201 

Coffee 

Imports: volume 14, 65, 114, 167 

Commodity Prices — See Retail Price Indexes, Wholesale Price 
Indexes, and Wholesale Prices 

Construction 

Building Materials: U.K.: production index 102, 204 

See also individual materials 

Contracts Awarded: value: by area 47, 97, 170 

by type 47, 97, 170 10, 47, 97, 128, 170 

total M 

Copper 

Exports: volume 15, 66, 115, 168 

Price 32, 81, 130, 183 . 32, 112, 166 

Production: value: by provinces 33, 34 

total 34 

volume: by provinces 33, 34 

total M, 33 . ... 29 

Copper & Nickel 

Exports: value: percentage change 45 

See also Nickel 

Corporate Financing — See Bond Issues 

Cost of Living Indexes 

Component indexes 49, 149 .... 149 

Total 49, 149 .... 49 

See also Food Products: Retail Price Index 

Cotton (Raw) 

Imports: value 114 

volume 14,65,114,167 . .114 

Price 32, 81, 130, 183 . . 112 

Current Loans — See Chartered Banks: Loans 



NDEX 1938 

M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

D 

Dairy Products 

Production: value 101, 134 . . . . 101, 134 

value & volume by regions 134 

volume 134 134 

See also Butter, Butter & Cheese, Cheese, and Milk 

Debits — See Bank Debits 

Deposits — See Bank of Canada, Chartered Banks, Savings Institutions, 
Federal Reserve System, and London Clearing Banks 

Dominion Finance — See Public Finance 



E 



Eggs 



Retail Price Index 148 



Electric Power 

Consumption: Ontario & Quebec 

total 
Exports: volume 
Installed Capacity 
Production: volume 
Production & Distribution 



30, 84, 133, 181 
30, 84, 133, 181 



M . . . 

30, 84, 133, 181 



181 
84, 133 

30 
30 



Employment 

Index: by industries 

employed: Canada 

U.S.A 

percentage changes 

total wage-earners 

unemployed 

Numbers: employed: by industries 

total 

total wage-earners 

unemployed 

Ratio of Unemployed to Total Wage-Earners 

See also Motor Vehicles: Manufacturing Industry; Coal: Employees, 
Salaries & Wages, and Telephone Statistics 

Exchange Rates — See Foreign Exchange 



M, 11, 117, 169 



11, 117, 169 

11, 117, 169 

118 

11, 117, 118, 169 

11, 117, 169 

11, 117, 169 

11, 117, 169 



146 

17, 119 
46, 96 



11, 117, 169 
11, 117 
11, 117, 169 



Exports — See individual commodities or groups, or External Trade 



External Trade 

Balance of Merchandise Trade — see Merchandise (below) 

Capital Account Items 

Current Account Balance 

Current Account Items 

Exports: index of price 

index of value 

index of volume 

value: by commodities 

See also — Electric Power 

by countries 

distribution 

percentage changes 

percentage changes by commodities 
total: Canada 



199 
199 
199 



15, 66, 115, 168 
45, 78, 100, 151, 202 

28, 83, 132, 185 



168 




168 




168 




100, 


131, 150, 151 


83, 


132, 151 


100, 


202 


44, 


184 


45 




27,. 


S3, 99, 100 



28, 45, 83, 100, 132, 

151, 185, 199, 202 
U.K 102, 204 



INDEX 1938 



M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

External Trade — (Continued) 

volume: by commodities 13, 15, 66, 78, . . . 13, 15, 66, 115 

See also Electric Power 115, 168 

Imports: index of price 167 

index of value 167 

index of volume 14,65,114,167 167 

value: by commodities 44, 78, 99, 150, 201 . 114, 150 

by countries . . . 27,82,131,184 . 82 

percentage changes 44, 184 

percentage changes by commodities 201 

total 2V, 44, 82, 99, 131, . 27,82,99 

150, 184, 199, 201 

volume: by commodities 14,65,78,114,167 14,65,66,114 

Invisible Items 199 

Merchandise Trade Balance: Canada 27,82,131,184 . . 28,44,99,185 

U.K 102, 204 

Merchandise Trade in Balance of International Payments .... 199 
Purchases & Sales of Securities — see International Purchases & Sales 
of Securities 

Re-exports: value 27, 82, 131, 184 

Retained Imports: value: Canada 27, 82, 131, 184 

U.K 102, 204 

Tourist Trade: receipts & expenditures 62, 199 . ... 62 

Visible Trade Balance 199 



Farm Implements 

Exports, Imports & Production 150 

Farm Income 

Canada: crops: prairie provinces . . , 26 26 

livestock & animal products: prairie provinces 26 26 

U.S.A.: index • 17,119 

Farm Products 

Production: gross value 101 101 

Wholesale Price Index: Canada . M 48, 101, 147, 197 

U.S.A M 

See also individual commodities or groups 

Federal Reserve System 

Deposits 17, 119 

Investments • 17, 119 

Loans 17, 119 

Reserves 17, 119 

Fibres — See Textiles & Fibres 

Fisheries 

Employment: numbers . . 152 

Exports: value 152 

value by destinations 153 

volume 15,66,115,152,168 

volume by countries 115 

See also Cattle, Meat & Fish 

Investments: amount 152 



INDEX 1938 



M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Fisheries — (Continued) 

Production: value by regions 152 153 

value & volume: by species 152 

total 153 

Flour 

Wholesale Price 32, 81, 130, 183 

See also Grains & Flour and Wheat & Flour 

Food Products 

Exports: value 100, 202 

Retail Price Index 49, 148, 149 .. . 12, 148, 149 

Wholesale Price Index: Canada . M 12,98, 148 

U.K M 98, 102, 204 

U.S.A M 98 

See also individual commodities or groups 

Foreign Exchange 

Currencies as Percentage of Former Gold Parities: Canadian dollar 43 

French franc 43 

Sterling 43 

U.S. dollar 43 

Spot Rates: Canadian dollar in New York 43,113,145,200 . . 200 

Canadian dollar in New York, 1914-38 144, 145 

French franc in New York 43,113,145,200 

Sterling in Canada 43,113,145,200 . 113,126 

Sterling in New York 43,113,145,200 . 200 

Sterling in New York, 1914-38 144, 145 

U.S.A. dollar in Canada 43,113,145,200 . . 113,126 

Foreign Trade — See External Trade 

Forest Products 

Exports: value 131 

Production of Certain Forest Products: by provinces & totals . . . 67, 68 

Wholesale Prices / 64 

See also Bleached Sulphite Pulp; Lumber & Shingles; Newsprint; 
""Newsprint & Wood Pulp; Paper, Woodpulp & Pulpwood 

Fruits, Nuts & Vegetables 

Imports: value 44, 99, 150, 201 

value: percentage change '201 

Fuel 

Retail Price Index 49, 149 

See also Coal and Coal & Coke Products 

Funded Debt — See Public Finance 

Flrs, Skins & Raw Leather 

Exports: value 45, 100, 151, 202 

G 

Gasoline > 

Sales: volume: by provinces 79 , 

total 78 

Taxes: average rate 78 

total revenue 78 79 

Wholesale Price 32,81,130,183 



INDEX 1938 



M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Tables 

Gold 

Export Price 

Non- Monetary: earmarked in Canada: increase or decrease .... 28, 83, 132, 185 

exports: value 28, 45, 83, 100, 132, 

151, 185, 199, 202 

volume 15, 66, 115, 168 

imports: value 132, 185, 199 

Production: value: by provinces 33, 34 

total 34 

volume: by provinces 33, 34 

total 10, 29, 33, 46, 63, 

77, 116, 146, 180 



Government Bonds 

Amount outstanding: by currency of payment & issuing body 

by year of final maturity .... 

see also Treasury Bills and Public Finance: 

Dominion: Debt 

New Issues: Canada: sales & deliveries 

Prices, Yields: domestic: Canada 



8, 111 
8 



9, 61, 110, 161 

M 



U.K 6, 7, 24, 41, 60, 75, 

92, 109, 125, 126, 
143, 177, 194 

U.S.A 6, 7, 24, 41, 60, 75, 

92, 109, 125, 126, 
143, 177, 194 

optional payment issues 7, 24, 60, 126, 194 

payable London: Can. & U.K. issues 7, 24, 60, 126, 194 

payable New York: Can. & U.S.A. issues . . 7, 24, 60, 126, 194 

Refunding Issues: sales & deliveries 9,61, 110, 161 

Retirements: refunded & other 9, 61, 110, 161 

Sinking Funds Ill 

See also Public Finance: Dominion: Debt 



Charts 

32 
83, 202 



29 



5, 61, 107, 158, 162 

6, 40, 41, 59, 91, 92, 108, 
109, 126, 142, 143, 160, 
176, 193, 194 

6, 23, 41, 74, 91, 92, 102, 
109, 143, 160, 193, 204 

6, 17, 24, 41, 75, 91, 92, 
109, 119, 143, 160, 194 

126 

23, 74, 193 

24, 75, 194 

5, 61, 107, 158, 162 
5, 61, 107, 158, 162 



Government Finance — See Public Finance 

Grains 

Export Balance : grains & grain products 185 

Wholesale Price Index 197 

See also Grains & Flour, Wheat, and Wheat & Flour 

Grains & Flour 

Exports: value 45, 100, 151, 202 . . 28 

value: percentage changes 45 

See also Flour, Wheat, and Wheat & Flour 

Gypsum 

Production: value 203 

volume 203 203 



Imports — See External Trade 

Income — See Farm Income, National Income, Salaries and Wages 

Industrial Activity 

Insurance — See Life Insurance 

Interest Rates — See Government Bonds and Treasury Bills 



M 



M 



INDEX 1938 



M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

International Purchases & Sales of Securities 

Canada: total 25, 76, 127, 179, 199 . 127 

By Nationality 25, 76, 127 

By Type of Security 25, 76, 127 

Net Purchases or Sales 25,76,127,179,199 . 76,179 

Iron & Products 

Exports: value 131 

Iron & Steel 

Imports: value 44, 99, 150, 201 

value: percentage change 201 

volume 14,65,114,167 . .65 

Production: U.K. index 102, 204 

See also Steel and Tin Plate 



Lead 

Export Price 32 

Production: value & volume 33, 34 

Leather — See Furs, Skins & Raw Leather 

Licences & Fees: Motor Vehicles 78 79 

Life Insurance 

Amount in force 16 

Principal assets 16 16 

Lime 

Production: value 203 

volume 203 203 

Livestock 

Exports: value 151 

See also Cattle, Meat & Fish 

Loan Companies 

Deposits & Branches 58 

Loans — See Chartered Banks and Federal Reserve System 

London Clearing Banks 

Advances 102, 204 

Cash 102, 204 

Deposits 102, 204 

Investments 102, 204 

Lumber 

Exports: value 100, 202 

volume 15,66,115,168 . 15,115 

Production: value by provinces 67, 68 

volume: by provinces 67, 68 

total 67 15 

Wholesale Price 32,81,130,183 . 64 

Lumber & Shingles 

Exports: value 45, 100, 151, 202 



10 INDEX 1938 

M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

M 

Machinery & Vehicles 

Exports: value 45, 100, 151, 202 

Imports: value 44, 99, 150, 201 

value: percentage change 201 

See also Automobiles & Trucks, Farm Implements and 
Motor Vehicles 

Manufactures 

Wholesale Price Index: Canada M 48,81, 101, 129, 147, 183 

U.K 102, 204 

U.S.A M 17,119 

See also individual commodities or groups 

Manufacturing 

Index of Production: U.S.A 17,119 

See also individual commodities or groups and Industrial Activity 

Meats 

Exports: value 151 

See also Agriculture: Animal Products; Bacon & Hams; 
Beef; and Cattle, Meat & Fish 

Metals — See Minerals and Non-Ferrous Metals 

Milk 

Consumption: value & volume 134 

value & volume by regions 134 

Production: volume 134 134 

volume, by regions 134 

Retail Price Index 148 

Minerals 

Production of Certain Minerals: by provinces 33, 34 

total M, 33, 34 . . . .29 

See also individual Minerals, Non-Ferrous Metals, and 
Non-Metallic Minerals 

Montreal Stock Exchange (inc. Curb Market) — See Stock Exchanges 

Motor Vehicles 

Consumption 78 79 

Exports & Imports 78 

Financing 79 

Licences & Fees: revenue 78 79 

Manufacturing Industry 78 79 

Production 78 79 

Registration: distribution 79 

total 78 79 

Retail Sales 79 

See also Automobiles & Trucks 

Municipal Debt — See Public Finance 

N 

National Debt — See Public Finance 

National Income 

Paid out: U.S. index 119 

See also Farm Income, Salaries and Wages 



INDEX 1938 11 

M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Natural Gas 

Production: value & volume 33, 34, 203 

New Issues — See Bond Issues 

Newsprint 

Exports: value: percentage changes 45 

Production: volume M 

Production, Consumption & Stocks: North America 77, 116, 180 

Wholesale Price 32, 81, 130, 183 . . 64 

Newsprint & Wood Pulp 

Exports: value 100, 202 

volume 15, 66, 115, 168 

See also Bleached Sulphite Pulp and Paper, Wood Pulp & Pulpwood 

Nickel 

Export Price 32 

Exports: volume 15, 66, 115, 168 

Production: value 33, 34 

volume 33, 96, 128, 165, 196 . 29 

See also Copper & Nickel 

Non-Ferrous Metal Products 

Imports: value 44, 99, 150, 201 

Non-Ferrous Metals 

Export Prices 32 

Exports: value 45, 100, 151, 202 . . 100, 131, 202 

Imports: value: percentage change 201 

Production: volume M, 33, 34 . 29 

Wholesale Price Index 48, 147 

Non-Metallic Minerals 

Production: value 203 

volume 203 203 

See also individual minerals 

Note Circulation 

Bank of Canada: active M M 

active & total M 104, 155 

Bank of Canada Active & Chartered Bank M 3,72, 139, 189 

Chartered Bank M 38, 39, 123, 124 

o 

Oil — See Petroleum & Products and Petroleum Oils 

Old Age Pensions 

Dominion Grants-in-Aid 93, 178 

P 

Paper, Wood Pulp & Pulpwood 

Exports: value 45, 100, 151, 202 . . 100 

Production: value & volume 67, 68 

See also Bleached Sulphite Pulp; Newsprint; 
and Newsprint & Wood Pulp 



12 INDEX 1938 

M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Petroleum (Crude) 

Production: value 203 

volume 203 203 



Petroleum & Products 

Imports: value 44, 99, 150, 201 

value: percentage change 201 

See also Gasoline 

Petroleum Oils 

Imports: value 114 

volume 14,65,114,167 . . 114 

Production: value & volume 33, 34 

See also Gasoline 

Physical Volume of Business 

Index M 

Platinum 

Production: value & volume 33, 34 

Potatoes 

Retail Price Index 148 

Power — See Electric Power 

Price Indexes — See individual commodities or groups, or Retail Price Indexes 
and Wholesale Price Indexes 

Production — See individual commodities or groups, or Agriculture, 
Electric Power, Manufacturing, and Minerals. 
See also Industrial Activity. 

Provincial Debt — See Public Finance 

Public Finance 

Canadian National Railways — See Canadian National Railways 
Dominion 

Balance at Bank of Canada M M 

Bonds — See Debt (below) and Government Bonds 

Debt, Funded: Direct & Guaranteed: by currency of payment 8,111 

total by term at date of issue . 163 

total by term remaining 163 164 

Increase or Decrease: direct, by currency of payment 94 

direct & guaranteed ... 94 94 

guaranteed 94 

Interest Payable by Coupon Rates 163 164 

Sinking Funds Ill 

See also Government Bonds 

Deficit 93, 178 

Expenditure 93, 178 .... 94 

Government Savings Institutions 58 

Interest Payable by Coupon Rates 163 164 

Investments 93, 178 

Loans 93, 178 

New Issues — See Bond Issues 

Refunding Issues — See Bond Issues 

Retirements — See Bond Issues 

Revenue 93, 178 .... 94 






NDEX 1938 13 

M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Public Finance — (Continued) 
Dominion (continued) 

Sinking Funds Ill 

Summary 1932/33—1938/39 93 

Surplus 178 

Treasury Bills — See Treasury Bills 
Dominion & Provinces 

Grants-in-aid: Old Age Pensions 93, 178 

Relief 93, 178 

Total 93, 178 

Subsidies (Unconditional) 93, 178 

Municipalities 

New Issues — See Bond Issues 

Refunding Issues — See Bond Issues 
Provinces 

Bonds Outstanding: direct & guaranteed, by currency of payment 8,111 

See also Government Bonds 

Government Savings Institutions 58 

New Issues — See Bond Issues 

Refunding Issues — See Bond Issues 

Retirements — See Bond Issues 

Revenue: gasoline taxes & motor vehicle licences and fees ... 78 79 

Sinking Funds Ill 

Pulp — See Bleached Sulphite Pulp, Newsprint & Wood Pulp, 
and Paper, Woodpulp & Pulpwood 

Purchases & Sales of Securities — See Int. Pur. & Sales of Securities 

Purchasing Power Parity 

Sterling in Canada 113 

U.S. Dollar in Canada 113 

R 

Raw Materials 

Spot Prices 112, 166 

Wholesale Price Indexes: Canada M 81, 129, 183 

U.K 102, 204 

U.S.A M 17, 119 

Refunding Issues- — See Bond Issues 

Relief 

Expenditure & Loans by Dominion 93, 178 

Rents 

Index 49, 149 .... 149 

Retail Merchandise Sales 

Canada: index of value: by regions 198 

total 198 

index of volume 198 

retail price index 198 

value: by regions 198 

total 198 

See also Motor Vehicles: Retail Sales 
U.S.A.: index of department stores 119 

Retail Price Indexes 

Foods 148, 149 . 12, 148, 149 

Total 198 

See also Cost of Living 



14 INDEX 1938 

M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Rubber (Crude) 

Imports: volume 14, 65, 114, 167 

Spot Price 112, 166 

Rubber & Products 

Imports: value 44, 99, 150, 201 

value: percentage change 201 

s 

Salaries 

By industries 118 

See also Coal: Employees, Salaries and Wages; 

Motor Vehicles: Manufacturing Industry 
and Telephone Statistics 

Salt 

Production: value 203 

volume 203 203 

Sand & Gravel 

Production: value 203 

volume 203 203 

Savings Institutions 

Caisses Populaires: deposits and branches 58 

Dominion Postal Savings: deposits and branches 58 

Loan Companies: deposits and branches 58 

Provincial Government Savings Institutions: deposits and branches . . 58 

Savings Banks: deposits and branches 58 

Trust Companies: deposits and branches 58 

Securities — See Banks, Bond Issues, Government Bonds, International 
Purchases & Sales of Securities, Public Finance, and 
Stock Exchanges 

Security Prices — See Government Bonds and Stock Exchanges 

Silver 

Export Price 32 

Production: value & volume: by provinces 33, 34 

total 33, 34 

Steel 

Price 32, 81, 130, 183 . . 112, 166 

Production: volume M 

See also Iron & Steel 

Stock Exchanges 

Common Stock Price Indexes: Canada 42, 95, 144, 195 . . 42, 95, 195 

U.K 95, 102, 204 

U.S.A 17,95, 119 

Market Value of Listings 42, 95, 144, 195 

Member Borrowings 42, 95, 144, 195 

Shares Traded: value 42, 95, 144, 195 

Stock Prices — See Stock Exchanges 

Stone (Quarried) 

Production: value 203 

volume 203 203 

Sugar 

Imports: volume 14, 65, 114, 167 

Retail Price Index 148 



VDEX 1938 • 15 

M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Sugar & Products 

Imports: value 44, 99, 150, 201 

value: percentage change 201 

Sulphite 

Bleached Sulphite Pulp: wholesale price 32,81,130,183 . . 64 



Tea 

Imports: volume 14, 65, 114, 167 

Retail Price Index 148 

Telephone Statistics 51 51 

Textiles 

U.K. Production Index 102, 204 

Textiles & Fibres 

Imports: value 44, 99, 150, 201 

value: percentage change 201 

Timber 

Production: value & volume 67, 68 

Tin Plate 

Imports: volume 14, 65, 114, 167 . . 65 

Tobacco 

Wholesale Price Index: U.K 102, 204 

Toronto Stock Exchange (inc. Curb Market) — See Stock Exchanges 

Tourist Trade (International) 

Automobiles Entering & Leaving Canada 62 

Net Receipts 62, 199 .... 62 

Receipts & Expenditures 62, 199 .... 62 

Tourists Entering Canada 62 

Treasury Bills 

Can., U.K. & U.S.A.— average yield of successful tenders .... 6,41,75,92,109, 

125, 143, 177 

Dominion Government: amount outstanding 110, 161 . . 7, 60, 125, 177 

average yield of successful tenders .... 6,41,75,92,109 . 7,40,59,60,108, 

125, 143, 177 125, 142, 176, 177 

net deliveries or retirements 110, 161 

Trucks — See Automobiles & Trucks, and Motor Vehicles 

Trust Companies 

Deposits & Branches 58 

u 

Unemployment — See Employment 

V 

Vegetables — See Fruits, Nuts & Vegetables 



16 INDEX 1938 

M indicates every month. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

w 

Wages 

Canada: by industries 118 

index of rates 50 49, 50 

See also Motor Vehicles: Manufacturing Industry; Coal: Employees, 
Salaries & Wages and Telephone Statistics 

U.S.A.: index: factory 17, 119 

Wheat 

Acreage & Yield: by countries 85 

Canada: acreage & yield 85 85 

exports — see Grains & Flour and Wheat & Flour 

production: value & volume 101 

statistical position 13, 135 

wholesale prices 32, 81, 130, 183 130 

Chief Exporters: statistical position 135 136 

Wheat & Flour 

Exports: volume 13, 15, 66, 115, 168 . 13 

See also Flour and Grains & Flour 

Wholesale Price Indexes 

Canada M 12,31,48,49,80,81,98, 

101, 129, 147, 148, 182, 
183, 197 

U.K M 31,80,98, 102, 182, 204 

U.S.A M 17,31,80,98, 119, 182 

See also individual commodities or groups 



Wholesale Prices 

Chief Commodities 32, 81, 130, 183 . . 32, 64, 112, 130, 166 

See also individual commodities or groups 

Wood Pulp — See Bleached Sulphite Pulp, Newsprint & Wood Pulp, 
and Paper, Wood Pulp & Pulpwood 

Wool (Raw) 

Imports: volume 14, 65, 114, 167 



Zinc 

Exports: price 32 

Production: value & volume 33, 34 






, 



\NUARY 1938 



BANK OF CANADA 



SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 

425 



I I 

BANK OF CANADA LIABILITIES 




MILLIONS OF DOLLARS 

—1425 




Millions of Dollars 



JANUARY 1938 

I— BAM i 





LIABILITIES 




Chartered Bank Cash 








All 

Other 

Accounts 


Total 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Govt. 
Deposits 


Other 
Deposits 


B. of C. 

Note 

Circulation 


Assets 
or 
Liabiliti 


Average of 


















Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.4 


184.7 


225.2 


22.5 


1.0 


64.0 


9.4 


322.0 


1937-12 Mths. 


48.5 


191.4 


239.9 


25.8 


1.2 


91.8 


13.5 


372.2 


1936— Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


362.0 


1937— Jan. 


52.1 


190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


357.0 


Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


362.6 


Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


363.9 


Apr. 


46.5 


191.7 


238.2 


31.2 


1.2 


82.4 


12.3 


365.4 


May 


46.4 


193.4 


239.8 


22.0 


1.0 


84.5 


13.0 


360.3 


June 


45.5 


190.3 


235.8 


19.8 


.6 


86.4 


13.4 


355.9 


July 


49.5 


182.8 


232.3 


13.2 


.6 


87.0 


12.6 


345.7 


Aug. 


51.4 


175.3 


226.7 


24.1 


.8 


92.3 


13.3 


357.2 


Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381.8 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.7 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.6 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.5 


Wednesdays 


















1938— Jan. 5 


60.2<° 


193.3 


253.5° 


15.2 


3.8 


105.4<° 


14.3 


392.2 


12 


56.8 ( ° 


197.4 


254.2° 


15.3 


3.5 


103. 7 U) 


14.2 


390.9 


19 


56.5 ( ° 


189.2 


245.7 ( ° 


18.0 


2.5 


101. 5 ( ° 


14.1 


381.7 



(1) Estimates. (2) Includes "Other Securities". 

CHARTERED BANKS : CASH IN CANADA AND CANADIAN DEPOSITS 1936-7 

Millions of Dollars Billions of Dollars 




JANUARY 1938 

CANADA 



Millions of Dollars 



ASSETS 




Reserve 


Securities 




All 

Other 

Accounts 




old 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total»> 


Advances 
























Average of 






















Wednesday Figures 


)4.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


'9.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12Mths. 


>2.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12Mths. 


'9.3 


2.0 


14.6 


196.0 


56.34 


62.2 


99.5 


161.7 


- 


4.3 


Dec— 1936 


■9.5 


2.3 


11.7 


193.4 


56.16 


61.7 


98.0 


159.7 


_ 


3.9 


Jan.— 1937 


•9.5 


2.3 


14.7 


196.4 


56.07 


58.7 


102.9 


161.7 


- 


4.6 


Feb. 


53.2 


2.3 


18.6 


204.2 


58.37 


51.8 


101.8 


153.6 


- 


6.1 


Mar. 


>0.8 


2.4 


16.1 


209.3 


59.28 


50.5 


101.7 


152.3 


- 


3.8 


Apr. 


;8.2 


2.4 


14.1 


204.7 


58.96 


47.7 


101.3 


149.0 


- 


6.5 


May 


53.5 


2.5 


21.9 


207.9 


60.70 


39.5 


100.2 


143.7 


- 


4.3 


June 


51.0 


2.5 


18.2 


201.7 


60.56 


33.6 


96.2 


139.8 


_ 


4.2 


July 


'9.5 


2.5 


23.7 


205.8 


59.83 


40.9 


94.2 


145.6 


- 


5.8 


Aug. 


'9.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


- 


4.7 


Sept. 


9.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. 


'9.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


- 


6.1 


Nov. 


9.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


— 


7.2 


Dec. 

Wednesdays 


9.8 


3.0 


15.8 


198.5 


52.53 


80.6 


91.5 


184.3 


- 


9.3 


Jan. 5, 1938 


9.7 


3.0 


17.2 


199.9 


53.07 


78.1 


91.2 


181.5 


5.0 


4.5 


12 


9.7 


3.0 


15.8 


198.5 


53.99 


75.3 


91.3 


178.9 


~~ 


4.3 


19 



TOTAL ACTIVE NOTE CIRCULATION 

Millions of Dollars - Gross Chartered Bank Note Circulation and Bank of Canada Notes held by Public - Millions of Dollars 













i 1 1 1 1 

MONTHLY AVERAGE OF DAILY FIGURES 










Oic, 












205 






























« 










1937 ACT. 


JAL ^ 












195 






















V 

v — AVE 


rage'"sea 


SONAL MO 


VEMENT 




18^ 






175 





























DEC JAN FEB. MAR APR MAY JUNE JULY AUG SEPT 

10 ACTUAL DEC 1936 flGtjRES PROJECTED ON THE BASIS OF AVERAGE MONTH-TO-MONTH PERCENTAGE CHANCES DURING THE YEARS 1926- 



215 



205 



195 



185 



175 



OCT 



OEC. 



JANUARY 1938 



Millions of Dollars 



II— CHAI 

Banihr. 



Average of 
Month-end Figures 

1926 
1929 
1932 

1933 
1934 
1935 
1936 
1937 

1936— Dec. 

1937— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 



LIABILITIES 



Notes 



169 
178 
132 

130 
136 
126 
119 
110 

109 

109 
114 
113 
111 
110 
113 

113 
111 
108 
112 
107 
102 



Deposits 



Demand 



553 
696 

486 

489 
514 
569 
618 
691 

682 

644 
656 
711 
732 
700 
713 

667 
686 
714 
679 
695 
699 



Time 



1,341 
1,480 
1,376 

1,379 
1,373 

1,445 
1,518 
1,574 

1,548 

1,549 
1,564 
1,584 
1,583 
1,573 
1,570 

1,572 
1,578 
1,575 
1,584 
1,570 
1,583 



Dom. 
and Prov. 



53 

102 
82 

62 
66 
65 

77 
90 

72 

137 
150 
75 
67 
99 
96 

83 
80 
83 
70 
86 
53 



Canadian 
Deposits' 1 ' 


Foreign 


1,958 


330 


2,293 


418 


1,955 


312 


1,941 


308 


1,966 


322 


2,108 


348 


2,245 


401 


2,382 


421 


2,323 


418 


2,283 


406 


2,319 


421 


2,393 


424 


2,420 


418 


2,410 


420 


2,430 


425 


2,368 


427 


2,391 


434 


2,414 


425 


2,372 


426 


2,395 


413 


2,387 


409 



Total 
Deposits' 2 ' 



2,333 

2,837 
2,322 

2,290 
2,317 
2,476 
2,668 
2,840 

2,773 

2,788 
2,843 
2,853 
2,865 
2,854 
2,877 

2,819 
2,848 
2,862 
2,821 
2,825 
2,819 



Cash 

in 

Canada (j) 



197 
212 
186 

195 
203 
216 
225 
240 

235 

241 
233 
237 
240 
234 
233 

226 
235 
233 
247 
268 
250 



Securities 



DOM.-PROV. 



Short 



Long 



344 
342 
490 

627 
684 



407 
447 
445 

469 

470 

476 
482 
477 
489 
440 

429 
391 
404 
429 
425 
427 



454 
628 
674 

647 

639 
647 
653 
660 
643 
697 

697 

727 
716 
665 
660 
684 



Oth 



18 
151 
201 

214 

183 
18 
25 
30 

26 

30 
29 

1 
1 



29 

30 
30 



30 



30 

32 1 
326 1 

31? 1 
30 
30 1 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS: CURRENT LOANS TO THE PUBLIC IN CANADA 

Millions of Dollars Millions of Dollars 




JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT. 

(I) ACTUAL DEC 1936 FIGURES PROJECTED ON THE BASIS OF AVERAGE MONTH-TO-MONTH PERCENTAGE CHANGES DURING THC YEARS 1926 - 3S 



NOV 



DEC 



JANUARY 1938 
D BANKS 

ida 



ASSETS 




Loans 






CANADA 


ABROAD 


Total 

Assets 


otal 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


044 


82 


829 


134 


72 


146 


2,957 


331 


93 


699 


121 


64 


150 


3,145 


426 


107 


732 


117 


68 


165 


3,317 


384 


114 


675 


115 


75 


162 


3,242 


412 


119 


687 


109 


72 


162 


3,262 


422 


119 


692 


113 


68 


168 


3,329 


427 


124 


694 


120 


76 


172 


3,337 


440 


121 


710 


125 


72 


168 


3,347 


438 


117 


728 


125 


77 


161 


3,334 


442 


116 


728 


125 


70 


159 


3,359 


431 


114 


735 


117 


73 


158 


3,299 


446 


114 


748 


115 


75 


160 


3,326 


446 


100 


771 


112 


64 


172 


3,340 


411 


82 


770 


121 


53 


173 


3,299 


391 


87 


768 


116 


52 


159 


3,293 


411 


76 


749 


113 


60 


166 


3,281 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 


Canadian 


Ratio of 
Cash to 


Total 

Active 




Canada ' 


Deposits' 4 ' 


Deposits in 
Canada 


Note 
Circulation^' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


238 


2,285 


10.4 


200 


Dec-1936 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Chartered Bank note circulation and Bank of Canada notes in public circulation. 



INCREASE IN CHARTERED BANK HOLDINGS OF GOVERNMENT SECURITIES, AND NEW ISSUES* 

Millions of Dollars cumulative from i jan. 1936 Millions of Dollars 

200 




1936 

*FOR STATISTICS OF NEW ISSUES AND RETIREMENTS. SEE PAGE 9. 



1937 



JANUARY 1938 









III— SECURITY 


PRICES 
















Bank of Canada 












Government Bonds (1) 

Middle Prices and Yields 


Treasury Bills 

A verage Yield of Successful 
Tender 5 (4) 




Canada 


U. K.< 2 > 


U.S.A."' 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


9 Months 


Average of 
Working Days 

1936 

1937 


105.67 
103.37 


3.18 
3.34 


106.48 
101.15 


3.06 
3.42 


103.45 
102.61 


2.67 
2.73 


.843 
.719 


J9f (5) 
.547^ 


.131 
.509 


1936— Dec. 


107.01 


3.05 


105.68 


3.11 


105.17 


2.55 


.747 


.906 


.117 


1937— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 


106.43 
104.33 
102.01 
101.64 
102.29 
103.09 


3.09 
3.28 
3.47 
3.50 
3.43 
3.36 


104.87 
102.38 
101.21 
101.81 
101.85 
100.36 


3.16 
3.33 
3.41 
3.37 
3.37 
3.47 


105.57 
105.65 
104.14 
101.15 
101.53 
101.52 


2.51 
2.50 
2.62 
2.84 
2.81 
2.81 


.747 
.776 
.805 
.771 
.715 
.643 


.526 
.520 
.521 
.527 
.509 
.701 


345 
.373 
.525 
.667 
.685 
.572 


July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 


103.30 
103.87 
103.72 
102.83 
103.02 
103.91 


3.34 
3.29 
3.30 
3.37 
3.35 
3.28 


99.36 

99.47 

99.51 

100.19 

101.43 

101.37 


3.52 
3.52 
3.52 
3.49 
3.39 
3.40 


102.04 
102.00 
101.35 
101.48 
102.06 
102.78 


2.77 
2.77 
2.82 
2.81 
2.76 
2.71 


.632 
.636 
.632 
.696 
.816 
.761 


.504 
.523 
.496 
.535 
.509 
.688 


.514 

.459 

.584 

.362 

.143 w 

A24 m 


1938— Jan. 


104.35 (9) 


3.23 m 


101.90 <9) 


337 m 


103.31 <9) 


2.66 m 


.726 


.500 


All™ 



(1) Average of two long term issues rated on chart below for each country. 

(2) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(3) Exempt from "normal" Federal income and certain State taxes. (4) On (or nearest to) 15th of each month. 

(5) Average rate on all issues of Dom. of Canada Treasury Bills in 1936 was .850%, in 1937 .719%. 

(6) 120 days, (7) 96 days, (8) 91 days, (9) Average Jan. 1-20. 



COMPARISON OF LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 1936-8 

DAILY OPENING QUOTATIONS 




JANUARY 1938 



HI— SECURITY PRICES 

Bank of Canada 



Government Bonds Payable Elsewhere Than in Canada 
Middle Prices and Yields 





Dominion of Canada 


U.S. Treasury 


United Kingdom 


Dominion Guaranteed C.N.R. 




3M%due 


Jan 15, 


3H% due 


May 1, 


2^%dueMar.l5, 


3^% due Dec. 1, 


4^% due Feb. 1, 


i*A% due 


July 1, 




1956-61 


1950-55") 


1955-60< 2 > 


1952 and after"' 


1956 


1957 




Payable in 


<ew York 


Payable in 


London 


Domestic 


Domestic 


Canada, 
New York or London 


Canada or New York 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


D ■ (3) 

Price 


Yield 


Average of 
Working Days 

1936 


101.51 


3.15 


102.43 


3.03 


102.25 


2.72 


106.02 


3.03 


114.96 


3.44 


113.29 


3.59 


1937 


99.52 


3.28 


99.88 


3.25 


101.56 


2.76 


101.18 


3.40 


113.18 


3.53 


112.48 


3.62 


1936— Dec. 


103.39 


3.02 


102.38 


3.03 


104.10 


2.59 


105.51 


3.07 


116.02 


3.36 


115.15 


3.46 


1937— Jan. 


102.12 


3.10 


101.96 


3.07 


104.50 


2.56 


104.62 


3.13 


115.50 


3.39 


114.94 


3.47 


Feb. 


100.43 


3.22 


99.84 


3.26 


104.61 


2.55 


102.29 


3.31 


112.96 


3.55 


112.49 


3.63 


Mar. 


98.70 


3.33 


99.54 


3.28 


103.16 


2.65 


101.30 


3.39 


111.27 


3.67 


110.84 


3.73 


Apr. 


97.97 


3.38 


100.41 


3.21 


100.20 


2.86 


101.80 


3.35 


110.89 


3.69 


110.34 


3.76 


May 


99.06 


3.31 


100.55 


3.20 


100.61 


2.83 


102.01 


3.33 


112.37 


3.59 


111.37 


3.69 


June 


99.41 


3.29 


99.04 


3.32 


100.45 


2.84 


100.61 


3.45 


113.51 


3.51 


112.47 


3.62 


July 


99.46 


3.28 


98.68 


3.35 


100.98 


2.80 


99.59 


3.51 


113.52 


3.50 


112.52 


3.62 


Aug. 


99.92 


3.26 


98.98 


3.33 


100.91 


2.81 


99.50 


3.52 


114.29 


3.45 


113.10 


3.57 


Sept. 


99.22 


3.30 


99.17 


3.31 


100.30 


2.85 


99.41 


3.52 


113.38 


3.51 


112.78 


3.59 


Oct. 


98.69 


3.33 


100.16 


3.24 


100.37 


2.85 


100.23 


3.48 


112.90 


3.54 


112.36 


3.62 


Nov. 


99.17 


3.30 


100.23 


3.23 


100.91 


2.81 


101.43 


3.38 


113.41 


3.50 


112.88 


3.58 


Dec. 


100.07 


3.25 


99.96 


3.25 


101.68 


2.75 


101.39 


3.38 


114.15 


3.44 


113.70 


3.52 


1938— Jan. (4) 


100.80 


3.19 


99.92 


3.26 


102.19 


2.72 


101.74 


3.35 


114.35 


3.43 


113.96 


3.51 



(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) Exempt from Federal Income and certain State taxes. (3) Price in Toronto. (4) Average Jan. 1-20. 



Yield Per Cent 

1 50% 



DOMINION OF CANADA 3 MONTHS TREASURY BILLS 1936-8 

PAYABLE IN CANADA ONLY 



Millions of Dollars 

200 




JANUARY 1938 



IV— PUBLIC FINANCE 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED AND OTHER C.N.R. BONDS'" 
GROSS AMOUNT OUTSTANDING AS AT 1st JANUARY, 1938 (2) 



Millions of Dollars 




Bank of Canada 


















Payabl 


e in 










Canada 
Only 


New York 
Only 


Canada 

or 

New York 


Canada, 
New York 
or London 


Canada 

or 
London 


London 
Only 


London 
or 

Paris 


Total 


Dominion Direct .... 


2,272.4"' 


449.0 











409.9 





3,131.2 (3) 


C.N.R. (G't'd by Dom.) 
C.N.R. (G't'd by Prov's) 
C.N.R. (Unguaranteed) 
Other Dominion G't'd . 


241.3 

15.6 
1.3 


24.2 
21.1 


65.0 

17.2 

.7 


351.4 
18.8 
43.7 
28.6 


3.2 

27.8 
69.4 


285.5 

27.2 
9.2 


— 


970.7 
73.8 

176.1 
30.7 


Prince Edward Island . 

Nova Scotia <4) 

New Brunswick' 4 ' .... 

Quebec (4) 

Ontario (4> 


5.6 

52.3 

41.8 

179.1 

410.0 


8.9 


40.6 
34.6 
39.0 
57.6 


.3 

16.8 

247.4 


.5 

3.8 


5.7 
4.0 
5.7 
5.9 


4.7 


6.1 

98.6 

84.6 

245.4 

729.7 


Manitoba' 4 ' 

Saskatchewan' 4 ' 

Alberta' 4 ' 

British Columbia' 4 ' . . . 


32.9 

56.4 
29.8 
34.1 


.2 


42.9 
52.6 
65.8 
66.5 


3.5 

4.7 

19.9 

5.7 


11.2 

10.9 

4.0 

20.2 


8.2 

15.3 

26.9 


— 


98.8 
124.6 
134.8 
153.4 


Total 


3,372.7 (3) 


503.4 


482.5 


740.9 


150.8 


803.5 


4.7 


6,058.5< 3> 



Year of Final Maturity(S) 


















1938 


161.4' 3 ' 


3.4 


6.4 


5.5 


2.0 


60.0 


— 


238.7' 3 ' 


1939 


166.0 


42.4 


21.6 


20.8 


7.5 


14.6 


— 


273.0 


1940 


353.6 


1.8 


6.2 


5.8 


— 


1.0 


— 


368.5 


1941 


251.1 


2.0 


9.8 


6.3 


.3 


18.2 


— 


287.7 


1942 


162.6 


1.8 


35.9 


7.7 


24.8 


7.3 


— 


240.0 


1943 


263.0 


8.5 


25.6 


6.9 


4.5 


5.4 


— 


313.9 


1944 


163.3 


30.8 


6.1 


23.9 


7.1 


1.1 


— 


232.2 


1945 


121.0 


77.6 


6.7 


7.8 


— 


1.8 


— 


214.9 


1946 


82.3 


24.2 


10.7 


9.5 


■ — 


3.4 


— 


130.1 


1947 


55.3 


■ — 


11.6 


5.5 


4.4 


7.6 


— 


84.4 


1948 


41.2 


— 


14.2 


5.5 


.1 


1.1 


— 


62.1 


1949 


207.1 


— 


5.8 


6.8 


2.4 


3.7 


— 


225.7 


1950 


51.9 


7.4 


20.5 


6.0 


25.0 


148.9 


— 


259.7 


1951 


110.8 


— 


32.2 


59.5 


3.7 


1.2 


— 


207.4 


1952 


117.2 


100.0 


31.6 


5.5 


— 


1.2 


— 


255.6 


1953 


39.4 


— 


7.7 


5.5 


— 


12.0 


— 


64.6 


1954 


65.4 


— 


13.3 


5.5 


1.9 


12.6 


— 


98.7 


1955 


107.5 


— 


11.0 


108.6 


— 


50.0 


4.7 


281.9 


1956 


57.2 


— 


23.1 


74.8 


— 


1.3 


— 


156.5 


1957 


44.3 


— 


86.3 


15.3 


— 


2.9 


— 


148.8 


1958 


302.7 


— 


11.5 


12.7 


— 


75.9 


— 


402.7 


1959 


291.8 


— 


21.7 


47.5 


— 


7.4 


— 


368.4 


1960 


14.9 


100.0 


30.3 


37.8 


3.2 


93.9 


— 


280.0 


1961 


2.5 


48.0 


20.3 


3.2 


— 


34.2 


— 


108.4 


1962 


1.2 


— 


.2 


46.7 


3.2 


2.3 


— 


53.6 


1963 


9.5 


— 


.4 


3.2 


3.0 


— 


— 


16.1 


1964 


— 


— 


.2 


18.2 


— 


— 


— 


18.5 


1965 


.7 


— 


.2 


3.2 


— 


.8 


— 


5.0 


1966 


54.7 


— 


.7 


3.2 


— 


— 


— 


58.7 


1967 


1.9 


55.0 


4.1 


3.2 


— 


12.1 


— 


76.3 


1968 


.3 


— 


.2 


3.2 


— 


— 


— 


3.8 


1969 


.5 


— 


6.4 


142.5 


— 


- — 


— 


149.4 


1970 and after 


15.2 


.4 


— 


23.1 


— 


— 


— 


38.7 


Perpetuals 


55.2 


— 


— 


— 


57.9 


221.5 


— 


334.6 


Total 


3,372.7' 3 ' 


503.4 


482.5 


740.9 


150.8 


803.5 


4.7 


6,058.5< 3 > 



(1) Excluding Treasury Bills. (2) Figures are compiled from latest official sources adjusted to 1st January, 1938, by subsequent known issues and 
redemptions', when full details regarding these become available minor revisions may be necessary. No deductions have been made for sinking 
funds, which totalled slightly more than $200 mm. on 1st January 1938. 

(3) The $33.3 mm. of School Land Debenture Stock issued by the Dominion and held by Provinces is excluded. 

(4) Including guaranteed issues other than C.N.R. (5) Regardless of any callable provisions which may exist. 



JANUARY 1938 



Millions of Dollars 



V— BOND ISSUES AND RETIREMENTS" 

Bank of Canada 





I Dominion* 2 ' Direct & Guaranteed and Other C.N.R.* 3 ' 




II-Provincial< 2 ' 


Direct & Guaranteed* 3 ' 


Quarter 


Sales 


Deliveries 


Retirements 


Net De- 
liveries 
or Retire- 
ments 


Sales 


Deliveries 


Retirements 


Net De- 
liveries 




New 


Refunding 


New 


Refunding 


Refunded 


Other w 


New 


Refunding 


New 


Refunding 


Refunded 


Other w 


or Retire- 
ments 


1936 






























i 


82.6 


85.4 


82.6 


85.4 


85.4 


1.8 


80.8 




16.2 


.7 


16.2 


.7 


.7 


17.2 


1.0 


ii 


20.0 


114.7 


20.0 


114.7 


114.7 


4.2 


15.8 




17.7 


4.0 


17.7 


4.0 


4.0 


25.9 


8.2 


in 


26.8 


73.2 


26.8 


73.2 


15.0 


33.4 


51.6 




1.2 


— 


1.2 


— 


— 


11.9 


10.7 


IV 


— 


— 


— 


— 


58.2 


4.5 


62.7 




48.3 


34.4 


46.3 


31.3 


11.3 


5.7 


60.6 


Total 


129.4 


273.3 


129.4 


273.3 


273.3 


43.8 


85.6 


83.3 


39.1 


81.3 


36.0 


16.0 


60.7 


40.6 


1937 






























i 


35.5 


85.0 


35.5 


85.0 


85.0 


6.4 


29.1 




15.6 


33.2 


16.2 


18.6 


38.6 


6.2 


10.0 


ii 


— 


113.5 


— 


113.5 


113.5 


4.3 


4.3 




22.1 


10.6 


2.5 


18.2 


43.2 


3.0 


25.5 


in 


14.3 


— 


14.3 


— 


— 


3.2 


11.1 




7.5 


20.0 


28.5 


30.0 


5.0 


9.3 


44.2 


iv 


— 


100.0 


■ — 


100.0 


100.0 


24.6 


24.6 




45.5 


16.4 


45.5 


16.4 


11.5 


4.5 


45.8 


Total 


49.8 


298.5 


49.8 


298.5 


298.5 


38.6 


11.2 


90.6 


80.1 


92.7 


83.2 


98.3 


23.1 


54.5 





III-CORPORATIONS 


Quarter 


Sales 


Deliveries 


Retirements 


Net De- 
liveries 
or Retire- 
ments 




New 


Refunding 


New 


Refunding 


Refunded 


Olher w 


1936 
















i 


72.7 (6) 


59.1 


31.9 (6) 


35.7 


18.1 


10.6 


38.9 


ii 


3.0 


49.3 


43.4 (6 > 


71.8 


39.8 


19.8 


55.6 


iii 


5.5 


41.7 


3.7 


12.7 


59.9 


5.0 


48.5 


iv 


10.0 


28.5 


10.2 


56.5 


44.1 


13.3 


9.3 


Total 


91.3 


178.7 


89.2 


176.6 


161.9 


48.6 


55.3 


1937 
















i 


27.7 


33.5 


29.3 


21.6 


33.3 


7.8 


9.7 


ii 


19.6 


3.7 


19.5 


14.8 


13.1 


17.3 


3.9 


iii 


3.0 


18.3 


3.6 


21.3 


20.9 


15.7 


11.6 


iv 


6.7 


— 


6.7 


■ — 


5.0 


7.8 


6.1 


Total 


57.0 


55.5 


59.1 


57.6 


72.3 


48.6 


4.2 



I+II+HI 



Net De- 
liveries 
or Retire- 
ments 



118.7 

63.2 

7.6 

7.2 



181.5 



28.8 
25.9 
43.7 
15.1 



61.7 



Municipalities 


and Religious 


Institutions 


Sales' 5 ' 


New 


Refunding 


9.1 


13.9 


9.7 


4.2 


3.1 


3.0 


3.1 


1.8 


25.1 


22.9 


11.1 


28.3 


6.1 


2.9 


4.8 


.2 


5.2 


3.9 


27.1 


35.4 



(1) Subject to revision. 

(2) Treasury Bills are excluded. 

(3) C.N.R. bonds guaranteed by 
provinces are treated under 
the heading "Other C.N.R." 

(4) Includes retirements through 
sinking fund purchases. In 
many cases available data 
did not permit more than 
arbitrary approximations for 
separate portions of the 
fiscal year. 

(5) It has been impossible to 
classify issues of municipali- 
ties and religious institutions 
totalling $4.1 mm. in 1936 
and $2.5 mm. in 1937 be- 
tween new and refunding. 
In each quarter such issues 
have been arbitrarily al- 
located in the same pro- 
portions as the known issues 
in the quarter. 

(6) Includes $48 mm. of C.P.R. 
bonds issued to refund Dom- 
inion guaranteed bank loans. 
$12 mm. was delivered in 
the first quarter and $36 
mm. in the second quarter 
of 1936. 

(7) Issues of municipalities and 
religious institutions are not 
included in this tabulation 
owing to lack of sufficient 
information. 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT"' 
Dominion* 2 ' and Provincial* 2 ' Direct and Guaranteed, Other C.N.R. and Corporation Bonds* 7 ' 





DELIVERIES were payable in: 




(4) 

RETIREMENTS were payab 


e in: 




Net Increase or 
Net Decrease 


Quarter 


Canada 


N.Y. 


Canada 


Canada 


London 




Canada 


N.Y. 


Canada 


Can. N.Y. 


Canada 


London 




Payable in 


Payable 




only 


only 


& N.Y. 


& London 


only 




only 


only 


& N.Y. 


& London 


& London 


only 




only 


Elsewhere 


1936 
































i 


155.0 


96.0 


1.5 








252.5 


27.3 


86.3 


8.0 


9.3 


1.6 


1.2 


133.8 


127.7 


9.0 


ii 


238.7 


31.5 


- — 


1.4 





271.6 


140.9 


4.6 


14.0 


44.8 


2.3 


1.8 


208.3 


97.8 


34.5 


iii 


117.6 


— 


— 


— 





117.6 


32.4 


61.8 


5.1 


17.4 


.1 


8.4 


125.2 


85.2 


92.9 


iv 


142.5 


— 


— 


— 


1.7 


144.2 


80.4 


6.1 


5.3 


43.1 


.9 


1.3 


137.0 


62.1 


54.9 


Total 


653.8 


127.5 


1.5 


1.4 


1.7 


785.9 


281.1 


158.8 


32.4 


114.5 


4.9 


12.7 


604.4 


372.7 


191.2 


1937 
































i 


113.1 


93.0 


— 


— 


— 


206.2 


37.3 


— 


108.4 


30.4 


— 


1.2 


177.4 


75.8 


47.1 


ii 


167.4 


.8 


.3 


— 


— 


168.5 


152.2 


12.3 


5.2 


14.7 


2.1 


7.9 


194.4 


15.2 


41.1 


iii 


94.4 


— 


3.3 


— 


— 


97.7 


21.2 


9.2 


9.4 


6.0 


2.3 


5.9 


54.1 


73.2 


29.6 


IV 


157.4 


— 


6.5 


— 


4.7 


168.6 


144.0 


1.8 


2.0 


2.3 


.1 


3.3 


153.5 


13.4 


1.7 


Total 


532.4 


93.8 


10.1 


— 


4.7 


640.9 


354.6 


23.4 


125.0 


53.4 


4.6 


18.4 


579.3 


177.8 


116.2 



10 



JANUARY 1938 



VI— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 











PRODUCTION 














Physical 
Volume 














Con- 
struction 


Car 


Employ- 










Auto- 








of 
Business 


Gold 


Copper 


Steel 


mobiles 


News- 


Electric 


Contracts 
Awarded 


Loadings 


Index") 




Index 

1926 = 100 








Trucks 


print 


Power 






1926 = 100 




Thousands 


Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 


Thousands 








Fine Ounces 


Short Tons 


Long Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 




Annual TotalsU) 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,017 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 


182 


759 


117 


2,598 


21,160 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


936 


173 


2,753 


23,405 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,114 


162 


3,180 


25,394 


163 


2,494 


104.0 


1937 








1,401 


207 


3,638 


27,575 


224 


2,635 


113.9 


Monthly Totals 






















1936-July 


110.8 


321.1 


14.3 


68.8 


10.5 


274.6 


2,021 


17.9 


202.7 


100.9 


Aug. 


113.5 


330.5 


17.7 


80.2 


4.7 


270.1 


2,020 


15.5 


222.0 


101.1 


Sept. 


120.0 


332.4 


18.1 


86.1 


4.7 


269.8 


2,041 


16.6 


251.3 


102.7 


Oct. 


121.5 


335.7 


17.3 


98.3 


5.4 


301.1 


2,281 


15.0 


263.5 


105.0 


Nov. 


118.0 


320.8 


18.5 


98.5 


10.8 


285.8 


2,262 


13.8 


219.9 


106.6 


Dec. 


118.4 


331.8 


21.8 


104.0 


20.2 


289.3 


2,326 


6.1 


205.7 


107.8 


1937-July 


126.5 


347.5 


20.9 


123.0 


17.9 


314.5 


2,188 


21.5 


219.3 


114.9 


Aug. 


123.4 


348.5 


22.3 


126.7 


10.7 


318.7 


2,198 


24.8 


231.0 


114.9 


Sept. 


123.8 


348.1 


24.0 


114.6 


4.4 


312.4 


2,195 


21.7 


262.0 


118.1 


Oct. 


127.4 


358.8 


25.9 


114.5 


8.1 


314.6 


2,365 


20.2 


260.0 


119.8 


Nov. 


127.9 


352.8 


25.4 


110.7 


16.6 


302.2 


2,415 


14.7 


235.1 


120.3 


Dec. 








98.3 


20.7 


293.0 


2,458 


10.8 


204.2 


119.1 



(1) As at first of month, seasonally adjusted. (2) Average of months in case of Physical Volume of Business and Employment Indexes. 



Millions of Dollars 

600 



CONSTRUCTION CONTRACTS AWARDED 1924-37 

MacLean Building Reports 



CALENDAR YEAR TOTALS 



Millions of Dollars 

""600 




1 924 



[930 



1 932 



1 933 



1 934 



1 936 



1 937 



JANUARY 1938 



11 



VII— ESTIMATED EMPLOYMENT AND UNEMPLOYMENT OF WAGE-EARNERS (1 > 

Dominion Bureau of Statistics (2) 





Number in Thousands 


Indexes. 1926 = 


100 




Calendar 
Year 














Ratio of 


Total 


Wage- 


Wage- 


Total 


Wage- 


Wage- 


Unemployed 
to Total 


Averages 


Wage- 


Earners 


Earners 


Wage- 


Earners 


Earners 




Earners 


Employed 


Unemployed 


Earners 


Employed 


Unemployed 


Wage-Earners 


1921 


1,971 


1,795 


176 


92.1 


87.9 


177.8 


8.9% 


1922 


1,967 


1,830 


138 


91.9 


89.6 


139.4 


7.0% 


1923 


2,059 


1,958 


101 


96.2 


95.9 


102.0 


4.9% 


1924 


2,042 


1,897 


145 


95.4 


92.9 


146.5 


7.1% 


1925 


2,063 


1,920 


144 


96.4 


94.0 


145.5 


7.0% 


1926 


2,140 


2,042 


99 


100.0 


100.0 


100.0 


4.6% 


1927 


2,209 


2,147 


62 


103.2 


105.1 


62.6 


2.8% 


1928 


2,359 


2,299 


60 


110.2 


112.6 


60.1 


2.5% 


1929 


2,551 


2,444 


107 


119.2 


119.7 


108.1 


4.2% 


1930 


2,654 


2,313 


341 


124.0 


113.3 


344.5 


12.8% 


1931 


2,537 


2,095 


442 


118.6 


102.6 


446.5 


17.4% 


1932 


2,459 


1,820 


639 


114.9 


89.1 


645.5 


26.0% 


1933 


2,434 


1,788 


646 


113.7 


87.6 


652.6 


26.5% 


1934 


2,574 


2,045 


529 


120.3 


100.1 


534.4 


20.6 % 


1935 


2,626 


2,126 


500 


122.7 


104.1 


505.1 


19.0 % 


1936 


2,671 


2,225 


447 


124.8 


109.0 


451.6 


16.7% 


1937 (3) 


2,806 


2,459 


346 


131.1 


120.4 


349.5 


12.3% 



(1) Wage-earners are defined, in general, as persons who have worked for hire or who have had specific vocational training. Part-time workers are. with 

appropriate fractional weightings, included in both the employed and unemployed categories. 

(2) Published summary (subject to revision) of a monograph shortly to be released by the Bureau. (3) Average for first eleven months. 



ESTIMATED EMPLOYMENT AND UNEMPLOYMENT OF WAGE-EARNERS* 1921-37 

Thousands Thousands 



3000 



2400 



I800 



1 200 



600 



2400 




ggg WAG E - EARNERS 
W» EMPLOYED 

: >: : : : xo.<v>>>x^v:<-:v:':-:-:-:vx 



1 200 



500 



$//Z /.',-,..■,. , ,,,,,, ,,,,,,;<-,, 



.':......■.. j , : 



XV/.v.!-^ 



utiM^i. ,. ";■„■., .>, . .- ..^ 



uA 



I92I I922 I923 

*SEE NOTES ABOVE. 



I927 



I928 



1929 



1930 



1931 



1932 



1933 



1937 



12 



JANUARY 1938 



VIII 



CANADA 

Dominion Bureau of Statistics 



-WHOLESALE PRICE INDEXES 

1926 = 100 

U.K. 

Board of Trade m 





Farm 
Products 


Raw 
Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.0 


84.2 


81.1 


80.4 


84.5 


Monthly 

1936-Dec. 


82.4 


79.3 


77.5 (3) 


77.3 


79.6 (3) 


1937-Jan. 


86.0 


82.4 


79.4 


78.4 


81.3 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 (3) 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


81.2 


81.3 


81.3 


83.0 


80.7 


83.8 


82.4 


86.6 


83.4 


88.0 


83.3 


89.3 


83.1 


89.3 


84.2 


90.0 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


88.5 


85.6 


85.5 


83.8 


84.2 


91.3 


88.1 


87.1 


84.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.2 


81.7 



(1) Adjusted to 1926 = 100 from base 19 13 = 100 in 1926-29 and from base 1930 = 

(2) Bureau of Labour Index of Prices of Finished Products. (3) Revised. 



100 in 1930 and thereafter. 



FOOD PRICE INDEXES 1936-8 



1926 = 100 



1926 = 100 




JANUARY 1938 



13 



IX— CANADIAN WHEAT— STATISTICAL POSITION 

Compiled from Grain Trade of Canada and the Monthly Review of the Wheat Situation (1) 



CROP YEAR 
Beginning 
August 1 




Supplies 


Beginning of Period 






Available 






Grain 

in 
Canada 


Canadian 

Grain in 

U.S.A. 

Ports 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


Domestic 
Dis- 
appearance 


for 

Export 
and 

Carry- 
over 


Exports 
of Wheat 

and 
Flour™ 


End of 
Period 
Stocks 


1924/25 


45 


3 


48 


262 


310 


87 


223 


193 


31 


1925/26 


28 


3 


31 


396 


426 


62 


364 


324 


40 


1926/27 


37 


4 


40 


407 


447 


100 


347 


292 


56 


1927/28 


51 


5 


56 


480 


535 


120 


415 


324 


91 


1928/29 


78 


14 


91 


567 


658 


132 


526 


398 


127 


1929/30 


104 


23 


127 


305 


432 


112 


320 


193 


127 


1930/31 


111 


16 


127 


421 


547 


139 


408 


269 


139 


1931/32 


133 


6 


139 


321 


460 


117 


343 


207 


136 


1932/33 


130 


6 


136 


443 


579 


99 


480 


263 


218 


1933/34 


210 


8 


218 


282 


500 


104 


395 


193 


203 

214 

127 

37 


1934/35 


193 


10 


203 


276 


479 


101 


378 


164 


1935/36 


202 


12 


214 


282 • 


496 


122 


374 


247 


1936/37 


108 


19 


127 


229 


357 


109 


247 


210 


1937/38 


33 


4 


37 


182 <3) 


219 


100 w 


119 




Average of Crop Years 




















1924/25-1928/29 


48 


6 


53 


422 


475 


100 


375 


306 


69 
173 


1929/30-1934/35 


147 


11 


158 


341 


499 


112 


387 


215 


1936 Aug.-Nov. 


108 


19 


127 


229 


357 


W9 (S) 


247 


105 


143 


Dec. 
















19 


124 


1937 Aug.-Nov. 


33 


4 


37 


182 


219 


100 i5) 


119 


43 


76 
69 


Dec. 
















8 



(1) Certain revisions have been made since the publication of the Statistical Summary for January 1937. 

(2) Canadian Customs figures adjusted for changes in Stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports, 
bushels per barrel. (3) Preliminary. (4) Preliminary estimate. (5) Total for the crop year. 



Flour reduced to bushels at 4.5 



EXPORTS OF CANADIAN WHEAT AND FLOUR 



<i) 



Millions of Bushels 

50 



Millions of Bushels 

50 




AUG. SEPT 

(l) SEE NOTES ABOVE. 



OCT. 



NOV. 



DEC 



JAN. 



FEB 



MAR 



APR. 



MAY 



JUNE 



14 



JANUARY 1938 



X— EXTERNAL TRADE: VOLUME OF IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 























Structural 


Index") 




Sugar 


Tea 


Coffee 


Raw 
Cotton 


Raw 
Wool 


Petroleum 
Oils 


Crude 
Rubber 


Coal 


Tin 
Plate 


Iron 
and 
Steel 


Volume 

of 

Total 




Pounds 


Pounds 


Pounds 


Pounds 


Pounds 


Gallons 


Pounds 


Short tons 


Short tons 


Short tons 


Imports 




Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Thousands 


Thousands 


1926 = 100 


Calendar Year Totals 
























1926 


1,161 


38 


25 


135 


15 


766 


45 


17 


75 


203 


100 


1929 


951 


39 


29 


136 


12 


1,359 


80 


18 


82 


381 


137 


1932 


868 


40 


31 


97 


9 


1,115 


47 


12 


40 


31 


64 


1933 


790 


39 


34 


120 


14 


1,119 


43 


11 


81 


19 


55 


1934 


860 


39 


35 


144 


15 


1,206 


64 


13 


85 


32 


67 


1935 


901 


35 


35 


121 


15 


1,293 


60 


12 


81 


43 


70 


1936 


1,041 


40 


41 


150 


23 


1,378 


62 


13 


94 


53 


79 


12 Months Ending 
























Nov. 1937 


943 


41 


39 


165 


26 


1,506 


78 


15 


114 


76 


89 


Monthly Totals 
























1936— July 


129.4 


2.3 


3.4 


5.8 


2.2 


133.5 


5.1 


1.1 


12.2 


6.4 


81 


Aug. 


85.4 


2.1 


2.2 


7.1 


.7 


155.3 


8.5 


1.0 


8.6 


4.9 


75 


Sept. 


109.0 


2.9 


3.0 


9.3 


1.1 


151.8 


5.4 


1.1 


6.1 


5.7 


78 


Oct. 


119.8 


3.9 


2.6 


16.5 


1.2 


172.5 


7.0 


1.4 


7.6 


6.2 


96 


Nov. 


122.4 


3.4 


4.7 


21.1 


1.5 


159.0 


9.6 


1.2 


11.5 


4.8 


97 


Dec. 


67.3 


3.6 


2.6 


20.8 


1.5 


70.1 


2.7 


1.3 


4.1 


3.4 


76 


1937— July 


76.5 


2.9 


3.3 


12.3 


1.2 


179.4 


4.4 


1.1 


12.5 


10.7 


92 


Aug. 


105.7 


3.0 


2.3 


5.2 


1.6 


172.8 


7.9 


1.3 


11.7 


7.4 


90 


Sept. 


127.7 


3.2 


2.7 


4.6 


.9 


171.7 


5.4 


1.4 


8.5 


7.2 


91 


Oct. 


133.2 


4.1 


2.4 


19.1 


1.5 


73.9 


13.4 


1.5 


11.2 


6.7 


108 


Nov. 


104.9 


4.0 


4.6 


23.2 


.9 


175.6 


10.7 


1.6 


13.3 


5.0 


110 


Dec. 






















74 (2) 



(1) Index of Total Import Values divided by D.B.S. Import Price Index. (2) Preliminary. 



COAL: CANADIAN PRODUCTION (Less Exports) AND IMPORTS 1926-7 

Millions of Tons Millions of Tons 



40 



CALENDAR YEAR TOTALS 




40 



I926 I927 I928 

(I) RUNNING 12 MONTH TOTALS IN 1937 



1929 



1930 



1931 



1932 



1933 



1934 



1935 



1936 1937 



JANUARY 1938 



15 



X— EXTERNAL TRADE: VOLUME OF EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Wheat 

and 

Flour 


Fish 


Bacon 

and 

Hams 


Cheese 


Newsprint 

and 

Wood 

Pulp 


Lumber 


Nickel 


Copper 


Auto- 
mobiles 

and 
Trucks 


Non- 
Monetary 
Gold 


Index* 1 ' 

Volume 

of 

Can. 




Bushels 


Pounds 


Pounds 


Pounds 


Short tons 


Board Feet 


Short tons 


Short tons 




Fine ounce 


Exports 




Millions 


Millions 


Millions 


Millions 


Thousands 


Millions 


Thous'ds 


Thous'ds 


Thousands 


Thousands 


1926 = 100 


Calendar Year Totals 
























1926 


297 


435 


93 


135 


2,738 


2,132 


32 


59 


74 


677 


100 


1929 


254 


417 


29 


93 


3,346 


1,755 


55 


124 


102 


1,742 


101 


1932 


251 


258 


36 


87 


2,229 


674 


16 


133 


13 


2,602 


79 


1933 


217 


303 


73 


74 


2,447 


1,018 


44 


124 


20 


2,771 


86 <2> 


1934 


191 


288 


120 


61 


3,020 


1,368 


59 


156 


43 


3,143 


98 


1935 


188 


323 


125 


56 


3,237 


1,337 


71 


199 


64 


3,343 


106 


1936 


265 


321 


158 


82 


3,748 


1,750 


87 


206 


56 


3,771 


125 


12 Months Ending 
























Nov. 1937 


129 


328 


198 


92 


4,299 


1,909 


112 


218 


66 


4,023 


112 


Monthly 
























1936— July 


27.9 


19.2 


13.4 


11.5 


304.2 


153.9 


6.9 


18.0 


4.5 


264 


130 


Aug. 


22.9 


30.6 


11.9 


10.1 


327.9 


168.4 


5.9 


20.0 


3.4 


318 


125 


Sept. 


22.4 


34.4 


11.3 


9.9 


349.5 


160.6 


8.0 


16.9 


3.5 


295 


126 


Oct. 


29.0 


33.1 


14.1 


15.8 


348.1 


185.3 


6.6 


21.8 


2.9 


382 


146 


Nov. 


35.1 


46.0 


15.9 


15.1 


361.0 


173.4 


7.5 


18.9 


5.1 


388 


158 


Dec. 


22.6 


36.1 


18.0 


6.2 


345.8 


184.1 


8.0 


17.2 


3.9 


329 


130 


1937— July 


10.1 


21.5 


14.5 


15.1 


377.3 


171.2 


8.8 


22.0 


8.1 


335 


112 


Aug. 


7.8 


21.0 


16.5 


13.2 


352.8 


170.0 


10.7 


19.9 


8.8 


354 


118 


Sept. 


7.3 


30.0 


10.6 


14.8 


380.4 


223.5 


9.4 


18.5 


4.0 


334 


110 


Oct. 


11.6 


27.9 


12.2 


15.6 


396.5 


149.5 


8.5 


19.4 


4.1 


326 


122 


Nov. 


16.4 


36.8 


16.5 


14.8 


379.7 


148.1 


10.7 


25.2 


3.0 


346 


136 


Dec. 






















109 (2) 



(1) Index of Canadian Export Values divided by D.B.S. Export Price Index. (2) Preliminary. 



LUMBER : PRODUCTION AND EXPORTS 1926-37 



Billions of Board Feet 



Billions of Board Feet 




I926 I927 I928 

(II RUNNING 12 MONTH TOTALS IN 1937 



1929 



1930 



1931 



1932 



1934 



1935 



1936 1937 



16 



JANUARY 1938 



Millions of Dollars 



XI-LIFE INSURANCE 

Superintendent of Insurance and Canadian Life Officers Association 

ALL LIFE INSURANCE IN CANADA— FACE VALUE (,) 





GROSS (including Reinsurance) 


NET (excluding Reinsurance) 


Calendar 


Increases during Year 


Terminations during Year 


Total in 


In Force at Year-End 




New Issues 


Other (Net) 


Natural (2) 


Surrender 


Lapse 


Force at 
Year- End 


Total 


Can. Co's 


Br. Co's 


Other Cos c3) 


1926 


844 


28 


52 


93 


258 


4,694 


4,610 


2,980 


111 


1,519 


1927 


885 


51 


61 


104 


286 


5,179 


5,044 


3,277 


114 


1,653 


1928 


976 


85 


65 


110 


299 


5,766 


5,608 


3;671 


115 


1,821 


1929 


1,016 


85 


77 


134 


323 


6,333 


6,157 


4,052 


117 


1,989 


1930 


930 


76 


83 


172 


405 


6,679 


6,492 


4,319 


117 


2,056 


1931 


811 


67 


87 


246 


409 


6,815 


6,622 


4,410 


119 


2,093 


1932 


668 


43 


97 


364 


411 


6,654 


6,472 


4,312 


116 


2,044 


1933 


590 


64 


104 


420 


365 


6,419 


6,248 


4,160 


114 


1,973 


1934 


622 


78 


92 


360 


275 


6,392 


6,221 


4-140 


117 


1,964 


1935 


602 


68 


100 


300 


236 


6,431 (4, 


6,259 <4> 


4,165 


123 


1,971 


1936 


631 


74 


108 


260 


220 


6,588 (4> 


6,403 (4) 


4,257 


130 


2,016 



ALL BUSINESS OF CANADIAN LIFE INSURANCE COMPANIES' 





Net Life Insurance in Force 


Actuarial 
Reserve on 


Cash 


Dom.&Prov. 
Dir.&G't'd 


Municipal 
and Other 


Corporate 


Stocks 


Real Estate 
and 




Dec 31 


In 


In Other 




Policy 




Canada 


Countries 


Reserve 


Annuities 




Bonds 


Gov't Bonds 






Mortgages 


Loans 


1926 


2,980 


1,319 


725 


53 


7 


100 


164 


113 


117 


245 


128 


1927 


3,277 


1,615 


808 


62 


7 


87 


173 


130 


169 


281 


141 


1928 


3,671 


2,049 


919 


90 


7 


81 


176 


148 


251 


325 


163 


1929 


4,052 


2,556 


1,028 


113 


6 


78 


171 


170 


314 


362 


196 


1930 


4,319 


2,975 


1,125 


134 


19 


74 


168 


185 


359 


400 


229 


1931 


4,410 


3,149 


1,208 


156 


13 


113 


173 


205 


370 


411 


268 


1932 


4,312 


2,913 


1,236 


146 


17 


127 


192 


184 


350 


407 


295 


1933 


4,160 


2,760 


1,257 


168 


31 


182 


184 


176 


343 


400 


294 


1934 


4,140 


2,787 


1,308 


198 


32 


238 


218 


199 


338 


395 


284 


1935 


4,165 


2,827 


1,374 


215 


40 


290 


261 


217 


332 


391 


272 


1936 


4,257 


2,915 


1,456 


232 


31 


332 


315 


286 


318 


396 


261 



(1) Companies holding provincial licences only, and fraternal benefit societies, are excluded from this tabulation. Their business in Canada is less than 

5% of the total. (2) By death, disability, maturity or expiry. (3) Chiefly of U.S.A. 
(4) Increases of $5 mm. in 1935 and $40 mm. ($37 mm. net) in 1936 were caused by new registrations with the Dominion Department of Insurance. 



2000 



1600 



PRINCIPAL ASSETS OF CANADIAN LIFE INSURANCE COMPANIES" 1921-36 

Book Values in Millions of Dollars 



I200 



— i 1 — 

CALENDAR YEAR - END FIGURES 




2000 



I600 



JANUARY 1938 



17 



XII— U.S.A. STATISTICS 

Federal Reserve Board statistics unless otherwise stated 



BILLIONS Of OOLLAI 



SILLION5 Or POi_L«*U 



ALL MEMBER BANKS 




0^\J^: 



A — 



pi;-; ^\v;v;v;{v;v>:-AV->;^'-; : ;^; : v<-^i 




JOINTS IN TOTAL INOtX 




30 






/>^- 



y 



^~~\ 



iA. 



DURABLE PRODUCTS 



130 
110 

90 
70 

-50 
•30 



BILLIONS OF DOLLARS 



billions or oollab: 



REPORTING MEMBER BANKS 




EMPLOYMENT AND INCOME 



100 



90 — 



80 



70 



60 



50 




SECURITY MARKETS 




2% 

3% 

4% 
•t 



% 



H 

£ i z 

T 

400 



200 



WHOLESALE PRICES 




■90 



85 



80 



75 



70 



65 



1 937 1938 



18 



MILLIONS OF DOLLARS 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE! OF WEDNESDAY FIGURES . 



MILLIONS OF DOLLARS 





DEC. MAR. JUNE SEPT., DEC, MAFV, JUNE SEPT DEC. MAR. JUNE DEC. MAR. JUNE SEPT, DEC, MAR JUNE SEPT. DEC. MAR. JUNE 



1936 



1937 



1938 



1936 



1937 



1938 



19 



FEBRUARY 1938 



Millions of Dollars 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 
B. of C. 
^ Note 
Circulation 


All 

Other 

Accounts 


Tot; 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Asse' 

or, 

Liabili 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294. 


1936-12 Mths. 


40.4 


184.7 


225.2 


22.5 


1.0 


64.0 


9.4 


322. 


1937-12 Mths. 


48.5 


191.4 


239.9 


25.8 


1.2 


91.8 


13.5 


372. 


1937— Jan. 


52.1 


190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


357. 


Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


362. 


Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


363. 


Apr. 


46.5 


191.7 


238.2 


31.2 


1.2 


82.4 


12.3 


365. 


May 


46.4 


193.4 


239.8 


22.0 


1.0 


84.5 


13.0 


360. 


June 


45.5 


190.3 


235.8 


19.8 


.6 


86.4 


13.4 


355. 


July 


49.5 


182.8 


232.3 


13.2 


.6 


87.0 


12.6 


345. 


Aug. 


51.4 


175.3 


226.7 


24.1 


.8 


92.3 


13.3 


357.: 


Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381. 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.' 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.1 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.1 


1938— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386/ 


Wednesdays 


















Feb. 2 


52.1 (1) 


198.3 


250.4 (l) 


17.6 


2.1 


100.5 (1) 


13.9 


384. ( 


9 


52.8<° 


197.5 


250.3 (1) 


23.9 


1.7 


98.0 (1) 


13.0 


386.! 


16 


50.7 <n 


189.5 


240.2 (1) 


22.1 


2.2 


98.5 (1) 


13.2 


376.1 



(1) Estimates. 



(2) Includes "Other Securities". 



CHARTERED BANKS PUBLIC DEMAND AND NOTICE DEPOSITS IN CANADA: 1934 -38 



BILLIONS OF DOLLARS 



BILLIONS OF DOLLARS 



2-5 



MONTH- END FIGURES 




-NOTICE + DEMAND 
DEPOSITS 



-20 



NOTICE DEPOSITS 



DEPOSITS 

IN AMOUNTS OF: 



OVER flOOPOO 
$5000 -♦100,000 
UNDER (5000 



25 



1-0 



•5 



1934 



OCT 



1935 



OCT. 



1936 



OCT. 



1937 



OCT 



1938 



FEBRUARY 1938 
CANADA 



20 



Millions of Dollars 



ASSETS 








Reserve 








Securities 




Advances 


All 

Other 

Accounts 




d 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total<» 
























Average of 






















Wednesday Figures 


.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12Mths. 


.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12 Mths. 


.5 


2.3 


11.7 


193.4 


56.16 


61.7 


98.0 


159.7 


_ 


3.9 


Jan.— 1937 


.5 


2.3 


14.7 


196.4 


56.07 


58.7 


102.9 


161.7 


- 


4.6 


Feb. 


.2 


2.3 


18.6 


204.2 


58.37 


51.8 


101.8 


153.6 


- 


6.1 


Mar. 


.8 


2.4 


16.1 


209.3 


59.28 


50.5 


101.7 


152.3 


- 


3.8 


Apr. 


.2 


2.4 


14.1 


204.7 


58.96 


47.7 


101.3 


149.0 


- 


6.5 


May 


.5 


2.5 


21.9 


207.9 


60.70 


39.5 


100.2 


143.7 


- 


4.3 


June 


.0 


2.5 


18.2 


201.7 


60.56 


33.6 


96.2 


139.8 


_ 


4.2 


July 


.5 


2.5 


23.7 


205.8 


59.83 


40.9 


94.2 


145.6 


- 


5.8 


Aug. 


.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


- 


4.7 


Sept. 


.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. 


.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


— 


6.1 


Nov. 


.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan.— 1938 

Wednesdays 


.8 


3.0 


17.1 


199.8 


53.91 


76.3 


90.8 


179.3 


- 


5.5 


Feb.— 2 


.7 


3.0 


22.2 


204.9 


54.81 


77.0 


88.6 


177.8 


— 


4.2 


9 


.5 


3.0 


20.4 


203.9 


56.18 


68.8 


86.6 


167.6 


— 


4.7 


16 



CHARTERED BANKS ■ CURRENT LOANS TO THE PUBLIC IN CANADA • 1934-38 



MILLIONS OF DOLLARS 



1000 



MILLIONS OF DOLLARS 



200- 



MONTH-END FIGURES 




1934 



1935 



OCT 



1936 



1937 



1000 



800 



600 



400 



200 



1938 



Note: The Oct. 31 loan classifications shown in the chart above are compiled from the table on page 22 and necessarily include small amounts 
of loans other than current loans to the public in Canada. 



21 



FEBRUARY 1938 























II— CHAM 


Millions of Dollars 




















Ban | 




LIABILITIES 






Notes 


Deposits 


Cash 
in 


Securities 








Dom. 


Canadian 




Total 


DOM.-PROV. 








Demand 


Time 


and Prov. 


Deposits"' 


Foreign 


Deposits'" 


Canada"' 




Otiil 




Short 


Long 




Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


18 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


U 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


2C 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


21 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


1* 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 


1811 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


2f|| 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


3C|I 


End of 

1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


470 


639 


3( 


Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


2i\ 


Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


482 


653 


2{\ 


Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


660 


3( 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


3( 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


3( 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


3( 


Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


31 


Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


31 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


3i 


Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,825 


268 


425 


660 


3( 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


3( 


1938— Jan. 


98 


640 


1,591 


35 


2,360 


399 


2,783 


251 


447 


690 


2< 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 

(4) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

(5) Chartered Bank note circulation and Bank of Canada notes in public circulation. 






ANNUAL CLASSIFICATION OF DEMAND AND NOTICE DEPOSITS 

Department of Finance 







NUMBER 






AMOUNT 




As At 
October 31 




Units 






Millions t 


)/ Dollars 




1934 


1935 


1936 


1937 


1934 


1935 


1936 


1937 


Demand Deposits: 


















$1,000 or less 


580,929 


574,333 


580,008 


596,830 


71.8 


76.0 


81.7 


84.9 


$1,000 to $5,000 


35,259 


39,294 


43,622 


47,438 


72.3 


80.1 


89.7 


97.8 


$5,000 to $25,000 


8,633 


9,355 


10,469 


11,416 


88.7 


95.4 


108.4 


114.8 


$25,000 to $100,000 


1,877 


2,126 


2,328 


3,542 


87.5 


99.7 


107.7 


115.5 


Over $100,000 


599 


752 


697 


765 


218.4 


271.0 


279.8 


264.1 


Adjustment Items 


- 


- 


- 


- 


+3.9 


+2.7 


-3.0 


+2.0 


Total Demand Deposits 


627,297 


625,860 


637,124 


659,991 


542.4 


624.9 


664.3 


679.1 


Notice Deposits: 


















$1,000 or less 


3,765,971 


3,716,326 


3,664,756 


3,770,692 


416.5 


425.9 


432.5 


456.0 


$1,000 to $5,000 


246,057 


263,449 


268,525 


274,810 


485.7 


518.5 


537.1 


551.4 


$5,000 to $25,000 


28,896 


32,460 


34,224 


36,343 


249.6 


280.9 


297.6 


315.6 


$25,000 to $100,000 


1,853 


2,276 


2,313 


2,371 


82.6 


99.8 


99.1 


103.6 


Over $100,000 


390 


471 


496 


536 


131.6 


136.2 


141.3 


154.1 


Adjustment Items 


- 


- 


- 


- 


+4.2 


+4.3 


+2.6 


+3.0 


Total Notice Deposits 


4,043,167 


4,014,982 


3,970,314 


4,084,752 


1,370.2 


1,465.6 


1,510.3 


1,583.7 



FEBRUARY 1938 



22 



BANKS 



Millions of Dollars 



ASSETS 




Loans 




tal 


CANADA 


ABROAD 


Total 
Assets 


Call 


Current 


Current 


Call 


Current 


>33 




Public 


Other 








140 


934 


87 


250 


261 


2,864 


199 


267 


1,343 


112 


301 


248 


3,528 


196 


117 


1,032 


165 


84 


172 


2,869 


541 


102 


907 


147 


92 


148 


2,831 


567 


102 


869 


145 


107 


138 


2,838 


>44 


82 


829 


134 


72 


146 


2,957 


(31 


93 


699 


121 


64 


150 


3,145 


126 


107 


732 


117 


68 


165 


3,317 


112 


119 


687 


109 


72 


162 


3,262 


122 


119 


692 


113 


68 


168 


3,329 


127 


124 


694 


120 


76 


172 


3,337 


140 


121 


710 


125 


72 


168 


3,347 


138 


117 


728 


125 


77 


161 


3,334 


142 


116 


728 


125 


70 


159 


3,359 


131 


114 


735 


117 


73 


158 


3,299 


146 


114 


748 


115 


75 


160 


3,326 


146 


100 


771 


112 


64 


172 


3,340 


111 


82 


770 


121 


53 


173 


3,299 


(91 


87 


768 


116 


52 


159 


3,293 


111 


76 


749 


113 


60 


166 


3,281 


134 


72 


731 


107 


51 


168 


3,239 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




Canada <3) 


Deposits* 4 ' 


Deposits in 


Note 






Canada 


Circulation™ 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 



Millions of Dollars 



ANNUAL CLASSIFICATION OF LOANS IN CANADA 

• Department of Finance 



As at October 31 



Provincial Governments 

Municipal Governments and School Districts 

Agriculture : 

Farmers Loans, Cattle Loans, Fruit Raisers 

Loans to Grain Dealers, Grain Exporters and Seed Merchants 

Total Agriculture 

Financial : 

Call loans and other accommodation to brokers and dealers 

Loans to specified institutions 

Loans to individuals against securities 

Total Financial 

Merchandising, wholesale and retail 

Manufacturers of and dealers in lumber, pulpwood and products thereof 

Other manufacturing of all descriptions 

Mining 

Fishing, including loans to packers and curers of fish 

Public Utilities, including Transportation companies 

Loans to Building Contractors and others for building purposes 

Loans to Churches, Hospitals, Charitable and Religious institutions . . . . 
Other Loans 

Total Loans in Canada 



1934 



26.8 
107.4 

64.2 
150.5 
214.7 

90.7 

70.0 

115.2 

275.9 

117.5 

74.3 

140.1 

6.6 

7.0 
71.4 
21.8 
19.7 
66.5 



1,149.7 



1935 



29.7 
96.8 

60.0 
166.4 
226.4 



66.7 

63.1 

101.2 

231.0 

113.8 

73.0 

119.2 

6.8 

7.2 

71.3 

24.1 

16.1 

52.3 



1,067.6 



1936 



14.7 
92.0 

54.0 

64.5 

118.5 

97.4 

73.8 

111.5 

282.7 

115.9 

64.9 

130.0 

6.9 

8.2 

8.4 

23.7 

14.8 

53.0 



933.5 



1937 



26.4 
94.2 

57.5 
30.8 
88.3 



73.5 

69.0 

142.8 

285.3 

129.6 

62.9 

156.6 

6.1 

7.7 

11.9 

33.6 

16.4 

61.6 



980.6 



23 



FEBRUARY 1938 



III— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4^% due 


Nov. 1, 


3% due J 


une 1, 


5% due Oct. 15, 


2V 2 % due 


June 1, 


l^%due 


June 1, 




1948-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of 






















Working Days 


















(!) 


<i) 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


100.75 


1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— Jan. 


112.39 


3.23 


100.47 


2.96 


114.20 


2.69 


102.15 


2.14 


100.25 


1.42 


Feb. 


110.27 


3.43 


98.38 


3.12 


112.11 


2.98 


101.44 


2.25 


99.86 


1.54 


Mar. 


108.12 


3.64 


95.90 


3.32 


110.91 


3.15 


100.85 


2.35 


99.87 


1.54 


Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


100.01 


1.50 


May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


100.16 


1.45 


June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


100.35 


1.38 


July 


109.99 


3.43 


96.61 


3.25 


112.25 


2.85 


101.56 


2.22 


100.38 


1.36 


Aug. 


110.54 


3.37 


97.19 


3.21 


112.35 


2.80 


101.62 


2.20 


100.45 


1.33 


Sept. 


110.44 


3.37 


96.99 


3.22 


111.97 


2.84 


101.29 


2.26 


100.05 


1.48 


Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. (2) 


111.31 


3.24 


98.04 


3.15 


113.22 


2.49 


102.00 


2.10 


100.61 


1.23 



(1) Average July 1-Dec. 31. (2) Average Feb. 1-20. 



CANADIAN AND U.K. GOVERNMENT BOND YIELDS IN LONDON : 1935-38 




1935 



1936 



1937 1938 

♦Differing coupon rates and maturity provisions, and the fact that the U.S. Treasury iss 



FEBRUARY 1938 



24 



III— SECURITY PRICES 

Bank of Canada 



Government Bonds Payable Elsewhere Than in Canada 
Middle Prices and Yields 





Dominion 


of Canada 




U.S. Treasury 


United Kingdom 


Dominion Guaranteed C.N.R. 




3Ji%due 


Jan. 15, 


3M% due 


May 1, 


2^%dueMar.l5, 


3^% due Dec. 1, 


4^% due 


Feb. 1, 


414% due 


July 1, 




1956-61 


1950-55<» 


1955-60< 2 > 


1952 and 


after'" 


1956 


1957 




Payable in 
New York only 


Payab 
London 


e in 
only 


Domestic 


Domestic 


Payable in Canada, 
New York or London 


Payable in 
Canada or New York 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


r> • (3) 
Price 


Yield 


p ■ (3) 
Price 


Yield 


Average of 
Working Days 

1936 


101.51 


3.15 


102.43 


3.03 


102.25 


2.72 


106.02 


3.03 


114.96 


3.44 


113.29 


3.59 


1937 


99.52 


3.28 


99.88 


3.25 


101.56 


2.76 


101.18 


3.40 


113.18 


3.53 


112.48 


3.62 


1937— Jan. 


102.12 


3.10 


101.96 


3.07 


104.50 


2.56 


104.62 


3.13 


115.50 


3.39 


114.94 


3.47 


Feb. 


100.43 


3.22 


99.84 


3.26 


104.61 


2.55 


102.29 


3.31 


112.96 


3.55 


112.49 


3.63 


Mar. 


98.70 


3.33 


99.54 


3.28 


103.16 


2.65 


101.30 


3.39 


111.27 


3.67 


110.84 


3.73 


Apr. 


97.97 


3.38 


100.41 


3.21 


100.20 


2.86 


101.80 


3.35 


110.89 


3.69 


110.34 


3.76 


Mav 


99.06 


3.31 


100.55 


3.20 


100.61 


2.83 


102.01 


3.33 


112.37 


3.59 


111.37 


3.69 


June 


99.41 


3.29 


99.04 


3.32 


100.45 


2.84 


100.61 


3.45 


113.51 


3.51 


112.47 


3.62 


July 


99.46 


3.28 


98.68 


3.35 


100.98 


2.80 


99.59 


3.51 


113.52 


3.50 


112.52 


3.62 


Aug. 


99.92 


3.26 


98.98 


3.33 


100.91 


2.81 


99.50 


3.52 


114.29 


3.45 


113.10 


3.57 


Sept. 


99.22 


3.30 


99.17 


3.31 


100.30 


2.85 


99.41 


3.52 


113.38 


3.51 


112.78 


3.59 


Oct. 


98.69 


3.33 


100.16 


3.24 


100.37 


2.85 


100.23 


3.48 


112.90 


3.54 


112.36 


3.62 


Nov. 


99.17 


3.30 


100.23 


3.23 


100.91 


2.81 


101.43 


3.38 


113.41 


3.50 


112.88 


3.58 


Dec. 


100.07 


3.25 


99.96 


3.25 


101.68 


2.75 


101.39 


3.38 


114.15 


3.44 


113.70 


3.52 


1938— Jan. 


100.82 


3.19 


99.97 


3.25 


102.21 


2.71 


101.94 


3.33 


114.42 


3.42 


113.96 


3.50 


Feb. <4) 


101.49 


3.14 


100.21 


3.23 


102.28 


2.71 


102.50 


3.29 


115.01 


3.38 


114.30 


3.48 



(1) These issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) Exempt from "normal" Federal Income and certain State taxes. (3) Price in Toronto. (4) Average Feb. 1-20. 

CANADIAN AND U.S.A. GOVERNMENT BOND YIELDS IN NEW YORK ■ 1935-38. 




JFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJ 

1935 1936 1937 1938 

t from "normal" income tax, vitiate any direct comparison of absolute yield levels 



25 



FEBRUARY 1938 



Millions of Dollars 



IV— INTERNATIONAL PURCHASES AND SALES OF SECURITIES: 1937 

Dominion Bureau of Statistics 





Total 

Net 


UNITED 


STATES 


UNITED 


KINGDOM 


OTHER COUNTRIES 


Total 
Sales 


Total 
Purchases 


Calendar Year Totals 


Sales 

or 
Pur- 
chases 


Sales 
to 


Purchases 
From 


Sales 
To 


Purchases 
From 


Sales 
To 


Purchases 
From 


Canadian Bonds 
Dominion 

Dominion Guaranteed 
Provincial 
Municipal 
Other Railway & Corp'n 


11.4 
1.7 

8.4 
3.9 
5.0 

4.3 


32.0 

7.1 

7.9 

3.2 

15.0 

65.2 


22.4 
5.5 

16.1 
6.6 

23.4 


1.5 

1.2 

.4 

.6 

10.1 


.9 

1.3 

.6 

1.1 

8.3 


1.9 

.4 
.1 

3.3 


.7 
.2 
.1 

1.7 

2.7 


35.3 
8.6 
8.4 
3.7 

28.4 

84.6 


24.0 
7.0 

16.8 
7.7 

33.4 


SUB-TOTAL 


74.0 


13.7 


12.1 


5.7 


88.8 


United States Bonds 
Government 
Other 


3.5 

5.7 


17.0 
4.0 


13.6 
9.8 

23.3 


.2 


A 


.1 

.1 


- 


17.0 
4.3 

21.3 


13.6 
9.9 


SUB-TOTAL 


2.2 


21.0 


.2 


.1 


23.5 


United Kingdom Bonds 
Government 
Other 


3.1 

.4 

2.7 


.1 


.1 
.1 


3.4 
.4 


.3 
.9 

1.2 


.1 


.1 
.1 


3.5 
.6 


.4 
1.0 


SUB-TOTAL 


.1 


.1 


3.8 


.1 


4.1 


1.4 


Other Countries' Bonds 


.5 


4.1 


4.3 


.7 


.6 


.7 


.1 


5.5 


5.0 


Unspecified Bonds 


5.3 


22.3 


20.6 


5.2 


1.4 


.2 


.4 


27.8 


22.4 


TOTAL BONDS 


2.1 


112.6 


122.4 


23.7 


15.4 


6.9 


3.3 


143.2 


141.1 


Common & Pref. Shares 
Canadian 
United States 
United Kingdom 
Other Countries 


5.3 

3.9 

.1 


76.6 

185.8 

.1 

.6 


98.2 

190.9 

.4 

.6 


70.7 
1.7 
1.0 


61.6 
.6 
.6 


16.7 

.4 


9.5 
.3 


164.0 

187.9 

1.2 

.6 


169.3 

191.8 

1.0 

.6 


TOTAL SHARES 


9.1 


263.1 


290.1 


73.4 


62.8 


17.1 


9.8 


353.7 


362.7 


Short-Term Securities'" 


.9 


.1 


.2 


8.3 


7.3 


- 


- 


8.4 


7.5 


Other Securities 


1.4 


.6 


- 


.3 


- 


.5 


- 


1.5 


- 


TOTAL SECURITIES 


4.8 


376.4 


412.7 


105.7 


85.6 


24.5 


13.1 


506.6 


511.4 



Monthly Totals 




















1937— Jan. 


5.9 


42.9 


54.7 


13.0 


8.8 


3.3 


1.5 


59.1 


65.1 


Feb. 


13.0 


49.3 


45.7 


16.5 


9.3 


3.3 


1.2 


69.2 


56.2 


Mar. 


3.7 


48.4 


50.6 


15.1 


10.5 


3.0 


1.7 


66.5 


62.8 


Apr. 


11.6 


39.1 


52.3 


11.1 


10.6 


2.7 


1.7 


52.9 


64.6 


May 


2.0 


20.1 


24.3 


5.6 


3.9 


1.1 


.7 


26.8 


28.9 


June 


2.4 


18.6 


22.5 


6.3 


5.8 


1.7 


.7 


26.6 


29.0 


July 


2.9 


18.0 


20.9 


6.4 


7.5 


1.7 


.7 


26.1 


29.0 


Aug. 


.1 


27.1 


27.7 


5.7 


6.1 


1.7 


.7 


34.6 


34.5 


Sept. 


2.8 


24.2 


27.8 


11.4 


5.9 


1.4 


.5 


37.1 


34.3 


Oct. 


5.3 


27.2 


34.2 


7.1 


6.0 


1.7 


1.1 


35.9 


41.3 


Nov. 


5.4 


31.8 


24.1 


4.0 


6.3 


1.3 


1.3 


37.1 


31.7 


Dec. 


.6 


29.7 


27.9 


3.5 


4.9 


1.5 


1.3 


34.7 


34.1 



(1) Originally issued for a term of one year or less. 



FEBRUARY 1938 



26 



Millions of Dollars 



FARM CASH INCOME IN THE PRAIRIE PROVINCES 

RECEIPTS FROM SALES OF PRINCIPAL FARM PRODUCTS f 

Dominion Bureau of Statistics 



X. 



1926-37 





MANITOBA 


SASKATCHEWAN 


ALBERTA 


TOTAL PRAIRIE PROVINCES 




Crops 


Livestock 

and 

Animal 

Products 


Total 


Crops 


Livestock 

and 

Animal 

Products 


Total 


Crops 


Livestock 

and 

Animal 

Products 


Total 


Crops 


Livestock 

and 

Animal 

Products 


Grand 
Total 


Calendar Years 
























1926 


64.6 


22.1 


86.7 


257.9 


28.4 


286.3 


114.6 


44.3 


158.9 


437.1 


94.8 


531.9 


1927 


50.5 


25.5 


76.0 


238.5 


28.6 


267.0 


126.9 


39.5 


166.4 


415.9 


93.6 


509.4 


1928 


53.9 


25.5 


79.4 


286.0 


30.2 


316.2 


165.7 


42.5 


208.1 


505.6 


98.2 


603.8 


1929 


43.8 


26.2 


70.0 


207.6 


32.8 


240.3 


120.4 


46.6 


167.1 


371.8 


105.6 


477.4 


1930 


25.4 


20.2 


45.6 


97.1 


24.2 


121.2 


55.7 


34.8 


90.6 


178.2 


79.2 


257.4 


1931 


12.7 


16.6 


29.3 


50.2 


18.3 


68.5 


42.9 


23.9 


66.8 


105.8 


58.8 


164.6 


1932 


15.9 


11.2 


27.2 


59.3 


12.6 


71.9 


47.2 


17.0 


64.1 


122.4 


40.8 


163.2 


1933 


18.6 


11.8 


30.4 


58.3 


13.5 


71.8 


43.8 


19.5 


63.3 


120.7 


44.8 


165.6 


1934 


26.8 


15.0 


41.8 


70.3 


19.5 


89.8 


60.5 


29.1 


89.6 


157.6 


63.6 


221.2 


1935 


16.4 


17.2 


33.7 


81.5 


24.4 


105.8 


59.0 


34.4 


93.4 


156.9 


76.0 


232.9 


1936 


24.6 


18.7 


43.3 


87.0 


29.4 


116.4 


48.6 


39.1 


87.7 


160.2 


87.2 


247.4 


1937* 


50.7 


23.2 


73.9 


45.9 


39.1 


85.0 


66.5 


45.9 


112.4 


163.1 


108.2 


271.3 













Increase 


or Decrease ( - ) 












1926-28 


-17% 


15% 


-8% 


11% 


6%> 


10% 


45% 


-4% 


31% 


16% 


4% 


14% 


1928-32 


-71% 


-56% 


-66% 


-79% 


-58% 


-77% 


-72% 


-60% 


-69% 


-76% 


-59% 


-73% 


1932-37* 


219% 


107% 


172% 


-23% 


210% 


18% 


41% 


170% 


75% 


33% 


165% 


66% 


1936-37* 


106% 


24% 


71% 


-47% 


33% 


-27% 


37% 


17% 


28% 


2% 


24% 


10% 



t Subject to Revision. * 12 Months ending November 1937. 

t Estimated to account for 95% of the annual gross cash income from the sale of all farm products. 



MILLIONS OF DOLLARS 



FARM CASH INCOME IN THE PRAIRIE PROVINCES il 926 -37 

RECEIPTS FROM THE SALE OF PRINCIPAL FARM PRODUCTS* 
RATIO SCALE 



400 
200 




CALENDAR YEAF 


TOTALS 




^N 


I \*r— SASKAT 


CHE WAN 




100 


ALBERTA 






•"^A^ 










" 








i 


50 


\ 






\ 




i 






\*-MAN 

\ 
\ 

\ 


T0BA v 

A 




25 










, , 


| , 


, , 


i 



MILLIONS OF DOLLARS 

800 



1926 "27 28 29 30 

• 12 MONTHS ENDING NOvtMBEB t9i7j 



- 3I "32 '33 '34 '35 

t SEE fOOTNOTE TO TABLE ABOVE, 



'36 '37 1926 '27 




27 



FEBRUARY 1938 



Millions of Dollars 



VI— EXTERNAL TRADE: MERCHANDISE IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





From 


Total 




Total 


Excess of 














Re-Exports 


Retained 


Exports 




U.K. 


Other 
British 


U.S.A. 


Other 

Foreign 


Imports 




Imports 


or Imports 


Calendar Year Totals 


















1926 


165 


50 


669 


125 


1,008 


15 


993 


282 


1929 


195 


62 


894 


148 


1,299 


26 


1,273 


84 


1932 


94 


35 


264 


61 


453 


8 


445 


105 


1933 


98 


35 


217 


51 


401 


6 


395 


214 


1934 


113 


44 


294 


63 


513 


7 


507 


252 


1935 


117 


57 


312 


64 


550 


13 


537 


305 


1936 


123 


66 


369 (1) 


77 


635 


13 


622 (1) 


448 


1937 


147 


89 


491 


82 


809 


15 


794 


348 


Monthly Totals 


















1936— Aug. 


11.1 


5.2 


27.6 


6.3 


50.3 


1.0 


49.3 


43.3 


Sept. 


10.9 


6.0 


29.8 


6.3 


53.0 


.7 


52.3 


41.8 


Oct. 


12.5 


7.3 


36.1 


9.2 


65.2 


2.0 


63.2 


50.2 


Nov. 


12.5 


7.4 


35.4 


10.9 


66.2 


1.9 


64.3 


56.7 


Dec. 


8.5 


4.9 


32.6 


7.0 


53.0 


1.3 


51.7 


53.2 


1937— Jan. 


9.3 


3.9 


33.2 


5.5 


51.9 


1.2 


50.7 


36.1 


1937— Aug. 


13.1 


9.1 


40.2 


7.5 


70.0 


1.9 


68.1 


33.4 


Sept. 


12.7 


9.0 


41.6 


7.0 


70.2 


1.1 


69.1 


25.1 


Oct. 


13.8 


11.6 


47.8 


8.9 


82.1 


.9 


81.2 


23.4 


Nov. 


15.0 


10.2 


46.4 


9.0 


80.6 


1.2 


79.5 


33.3 


Dec. 


8.7 


4.6 


34.8 


5.0 


53.1 


.8 


52.3 


39.2 


1938— Jan. 










49.7 


1.2 


48.5 


32.7 



(1) Revised. 



MILLIONS OF DOLLARS 



MERCHANDISE IMPORTS AND EXPORTS : 1935-38 



MILLIONS OF DOLLARS 




0) 



JFMAMJJASONDJFMAMJ J ASONDJ FMAMJJASONDJ FMAMJ 
1935 1936 1937 1938 

EXPORTS OF CANADIAN PROOUCE: NON-MONETARY GOLD AND EAR-MARKED GOLD ARE INCLUDED. *TOTAL RETAINED IMPORTS. 



FEBRUARY 1938 



28 



Millions of Dollars 



VI— EXTERNAL TRADE: MERCHANDISE EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 







Merchandise 




Non-Monetary Gold 


Total Exports 




















including Non- 






TO 






TO 


Net Increase 


Monetary and 












Total 
Merchandise 






in Gold 
Earmarked 


Earmarked 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


U.S.A. 


All Other 


Gold 


Calendar Year Totals 




















1926 


459 


96 


458 


248 


1,261 


14 


- 


- 


1,275 


1929 


290 


105 


493 


264 


1,152 


36 


- 


- 


1,189 


1932 


178 


39 


159 


114 


490 


61 


- 


- 


550 


1933 


211 


44 


168 


106 


529 


25 


54 


- 


609 


1934 


270 


65 


219 


95 


649 


83 


27 


— 


759 


1935 


304 


74 


262 


86 


725 


101 


15 


- 


842 


1936 


395 


84 


334 


124 


938 


74 


12 


47 


1,071 


1937 


402 


104 


360 


131 


997 


111 


14 


20 


1,143 


Monthly Totals 




















1936— Aug. 


30.9 


7.7 


33.3 


9.5 


81.5 


11.1 


- 


- 


92.6 


Sept. 


37.2 


7.0 


30.0 


9.6 


83.8 


5.1 


- 


5.2 


94.1 


Oct. 


47.8 


7.9 


33.7 


10.7 


100.1 


10.9 


- 


2.4 


113.4 


Nov. 


50.7 


8.5 


33.0 


15.3 


107.4 


13.5 


- 


- 


121.0 


Dec. 


37.3 


7.4 


35.0 


13.7 


93.3 


4.7 


- 


6.8 


104.9 


1937— Jan. 


30.3 


8.0 


28.1 


10.3 


76.7 


5.6 


- 


4.6 


86.8 


1937— Aug. 


35.7 


10.1 


31.9 


11.5 


89.2 


12.2 


_ 


— 


101.5 


Sept. 


33.2 


8.6 


32.4 


8.4 


82.5 


11.6 


- 


- 


94.2 


Oct. 


40.4 


9.6 


31.5 


11.8 


93.3 


9.5 


- 


1.9 


104.6 


Nov. 


49.1 


9.9 


27.9 


13.8 


100.7 


3.4 


3.4 


5.3 


112.8 


Dec. 


31.2 


8.1 


25.6 


10.2 


75.1 


3.5 


10.3 


2.7 


91.5 


1938— Jan. 


















81.2" 



(1) Preliminary. 



MERCHANDISE TRADE BALANCE ■ 1935-38 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




JFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJ 
1935 1936 1937 1938 

* INCLUDING NON-MONETARY COLO AND EAR- MARKED GOLD 



29 



FEBRUARY 1938 



VII— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume of 


PRODUCTION 


Con- 
struction 


Car 


Employ- 
















ment 




Business 
Index 


Gold 


Copper 


Steel 


Auto- 
mobiles 


News- 


Central 
Electric 


Contracts 
Awarded 


Loadings 


Index") 




Seasonally 
adjusted 








& Trucks 




Stations 






Seasonally 
adjusted 




Thousands 


Thousands 


Thousands 




Thousands 


Millions 


Millions 






1926 = 100 


Fine Ounces 


Short Tons 


Long Tons 




Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


1926 = 100 


Annual TotalsG) 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,017 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 


182 


759 


117 


2,598 


21,160 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


936 


173 


2,753 


23,405 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,114 


162 


3,180 


25,394 


163 


2,494 


104.0 


1937 


122.8 


4,091 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


113.9 


Monthly Totals 






















1936-Aug. 


113.5 


330.5 


17.7 


80.2 


4.7 


270.1 


2,020 


15.5 


222.0 


101.1 


Sept. 


120.0 


332.4 


18.1 


86.1 


4.7 


269.8 


2,041 


16.6 


251.3 


102.7 


Oct. 


121.5 


335.7 


17.3 


98.3 


5.4 


301.1 


2,281 


15.0 


263.5 


105.0 


Nov. 


118.0 


320.8 


18.5 


98.5 


10.8 


285.8 


2,262 


13.8 


219.9 


106.6 


Dec. 


118.4 


331.8 


21.8 


104.0 


20.2 


289.3 


2,326 


6.1 


205.7 


107.8 


1937-Jan. 


116.9 


328.5 


18.6 


115.2 


19.6 


287.7 


2,318 


6.6 


192.5 


111.1 


1937-Aug. 


123.4 


348.5 


22.3 


126.7 


10.7 


318.7 


2,198 


24.8 


231.0 


114.9 


Sept. 


123.8 


348.1 


24.0 


114.6 


4.4 


312.4 


2,195 


21.7 


262.0 


118.1 


Oct. 


127.4 


358.8 


25.9 


114.5 


8.1 


314.6 


2,365 


20.2 


260.0 


119.8 


Nov. 


127.9 


352.8 


25.4 


110.7 


16.6 


302.2 


2,415 


14.7 


235.1 


120.3 


Dec. 


121.4 


361.7 


24.6 


98.3 


20.7 


293.0 


2,458 


10.8 


204.2 


119.1 


1938-Jan. 


118.4 






107.8 


17.6 


222.5 


2,279 


9.1 


187.4 


121.4 



(1) As at first of month. (2) Average of months in case of Physical Volume of Business and Employment Indexes. 



THOUSANDS OF SHORT TONS 



METAL PRODUCTION : 1920-37 

RATIO SCALE 



DS OF SHORT TONS 

300 




FEBRUARY 1938 



30 



Millions of Kilowatt Hours 



VIII— OUTPUT OF CENTRAL ELECTRIC STATIONS 

Dominion Bureau of Statistics and Bank of Canada 





Output of Central Electric Stations 


Exports 


Deliveries 

to 
Electric 
Boilers 


Losses 
(Estimated) 


Firm 
Power 
Consump- 
tion 




Generated 
by 


Generated 
by 


Total 




Water 


Fuel 








(Estimated) 


Daily Average 
















1926 


32.6 


.5 


33.1 


4.1 


2.7 


4.4 


22.0 


1929 


48.5 


.7 


49.2 


4.0 


5.9 


6.8 


32.5 


1932 


43.0 


.9 


43.9 


1.8 


7.8 


6.3 


28.0 


1933 


46.6 


.9 


47.5 


2.7 


9.9 


6.7 


28.2 


1934 


57.0 


1.0 


58.0 


3.4 


14.1 


8.2 


32.3 


1935 


63.1 


1.1 


64.1 


3.7 


17.0 


9.1 


34.3 


1936 


68.2 (1) 


1.2 


69.4 (1) 


4.3 


19.0"' 


9.8 


36.3 U) 


1937 


74.2 


1.4 


75.6 


5.1 


20.1 


10.6 


39.9 


12 Months Ending 
















Jan. 1938 


74.1 


1.4 


75.5 


5.1 


19.7 


10.6 


40.1 


1936— Aug. 


64.0 


1.2 


65.2 


4.6 


15.8 


9.1 


35.6 


Sept. 


66.8 


1.3 


68.1 


4.2 


16.6 


9.6 


37.7 


Oct. 


72.2 <u 


1.4 


73.6 (1) 


4.2 


19.9 


10.4 m 


39.0 (1 > 


Nov. 


74.0 


1.4 


75.4 


4.2 


21.8 


10.7 


38.7 


Dec. 


73.7 


1.4 


75.0 


4.1 


22. ( " 


10.6 


38.3 (1) 


1937— Jan. 


73.4 


1.3 


74.8 


4.4 


22.8 


10.6 


37.0 


1937— Aug. 


69.5 


1.4 


70.9 


5.2 


15.9 


9.8 


39.9 


Sept. 


71.7 


1.4 


73.2 


4.8 


16.2 


10.3 


41.9 


Oct. 


74.8 


1.5 


76.3 


4.6 


18.3 


10.8 


42.7 


Nov. 


78.9 


1.6 


80.5 


4.9 


21.0 


11.3 


43.3 


Dec. 


77.7 


1.6 


79.3 


5.1 


21.6 


11.1 


41.4 


1938— Jan. 


72.3 


1.2 


73.5 


5.1 


18.4 


10.3 


39.8 



(1) Revised. 



OUTPUT IN RELATION TO INSTALLED CAPACITY : 1920-37 

MILLIONS OF HP* PER CENT 



60% 



50% 




40% 



30% 



1920 '21 '22 '23 '24 '25 '26 '27 '28 

• INSTALLED CAPACITY OF I HP HAS A POTENTIAL OUTPUT OF 746 WATTS PER HOUR. 



'30 '31 '32 '33 '34 '35 

ES TO ELECTRIC BOILERS ARE PARTLY OF OFF-PEAK POWER. 



31 



FEBRUARY 1938 



IX— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau of Statistics 





Farm 
Products 


Raw 
Materials 


Foods 


Manu- 
factures 


Total 


Averageof Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.S 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.0 


84.2 


81.1 


80.4 


84.5 


Monthly 

1937-Jan. 


86.0 


82.4 


79.4 


78.4 


81.7 (3) 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Jan. 


86.3 


82.0 


79.8 


81.6 


83.8 



U.K. 

Board of Trade w 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


81.3 


83.0 


80.7 


83.8 


82.4 


86.6 


83.4 


88.0 


83.3 


89.3 


83.1 


89.3 


84.2 


90.0 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


91.3 


88.1 


87.1 


84.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 C3) 


81.7 






(1) Adjusted to 1926 = 100 from base 1913 = 100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. 

(2) Bureau of Labour Index of Prices of Finished Products. (3) Revised. 



WHOLESALE PRICE INDEXES ■ CANADA. U.K. AND U.S.A. 

1926=100 




FEBRUARY 1938 



32 



Canadian Dollars* 



X— WHOLESALE PRICES: CHIEF COMMODITIES 

Dominion Bureau of Statistics and Engineering & Mining Journal 





Wheat 


Flour 


Newsprint 


Pulp 


Lumber 


Copper 


Steel 


Cotton 


Gasoline 


Coal 




No..l 
Northern 


First 
Patent 




Bleached 
Sulphite 


Fir 
Flooring 


Electro- 
lytic 


Billets 


Middling 


Tank 
Wagon 


American 
Bituminous 




Lake-head 


Montreal 


f.o.b. Mills 


f.o.b. Mills 


f.o.b. Mills 


London'" 


f.o.b. Plant 


Hamilton 


Toronto 


Toronto 




bushel 


barrel 


short ton 


short ton 


M. bd. ft. 


cwt. 


long ton 


pound 


gallon 


short ton 


Annual Average 

1926 


1.50 


8.82 


65.0 


80.0 


26.0 


13.8 


38.0 


.194 


.253 


6.47 


1929 


1.34 


7.93 


55.0 


75.0 


24.8 


18.3 


36.0 


.199 


.199 


6.02 


1932 


.56 


4.81 


50.2 


55.0 


14.5 


6.3 


34.0 


.085 


.179 


5.65 


1933 


.61 


5.09 


37.1 


52.5 


14.3 


7.5 


34.0 


.106 


.173 


5.35 


1934 


.75 


5.50 


32.9 


55.0 


14.5 


7.4 


34.0 


.138 


.163 


5.73 


1935 


.84 


5.43 


33.4 


53.5 


15.1 


7.8 


34.0 


.138 


.158 


5.86 


1936 


.94 


6.08 


34.2 


53.0 


22.2 


9.5 


34.2 


.141 


.149 


6.75 


1937 


1.34 


7.73 


36.1 


65.6 


27.0 


13.1 


41.2 


.136 


.159 


6.75 


Monthly 

1937— Jan. 


1.25 


7.50 


36.2 


55.0 


27.0 


12.3 


36.0 


.150 


.150 


6.75 


Feb. 


1.27 


7.60 


36.2 


55.0 


27.0 


14.0 


38.0 


.153 


.160 


6.75 


Mar. 


1.36 


7.90 


36.2 


55.0 


32.3 


16.6 


42.0 


.167 


.160 


6.75 


Apr. 


1.39 


7.50 


36.1 


62.0 


32.3 


14.6 


42.0 


.161 


.160 


6.75 


May 


1.31 


7.40 


36.0 


62.0 


29.5 


14.0 


42.0 


.155 


.160 


6.75 


June 


1.24 


7.30 


36.1 


62.0 


29.5 


13.5 


42.0 


.151 


.160 


6.75 


July 


1.46 


8.80 


36.1 


71.5 


28.0 


14.0 


42.0 


.153 


.160 


6.75 


Aug. 


1.32 


8.10 


36.1 


71.5 


26.0 


14.2 


42.0 


.131 


.160 


6.75 


Sept. 


1.34 


7.60 


36.1 


71.5 


25.0 


13.0 (2) 


42.0 


.109 


.160 


6.75 


Oct. 


1.42 


7.80 


36.1 


74.0 


24.5 


11.2 (2) 


42.0 


.104 


.160 


6.75 


Nov. 


1.35 


7.40 


36.1 


74.0 


22.0 


9.8 


42.0 


.100 


.160 


6.75 


Dec. 


1.37 


7.80 


36.1 


74.0 


21.3 


9.8 


42.0 


.102 


.160 


6.75 


1938— Jan. 


1.49 


7.98 


43.6 


64.0 


24.0 


10.1 


42.0 


.104 


.160 


6.75 



* Prices have been converted into Canadian funds where necessary. (1) New York price prior to June 1932. (2) Revised. 




METAL EXPORT PRICES* 

CONVERTED INTO CANADIAN CURRENCY 



RATIO SCALE 
70 




33 























FEBRUARY 


1938 






















XI— MINER '° 

Dominion ' 
































VOLUME OF PRODUCTION 










„ . , v 


PRECIOUS METALSW 




OTHER 


METALS 




NON-METALS 


Total 


L. u lender YcEirs 


COLD 


SILVER 


PLATINUM 


NICKEL 


COPPER 


LEAD 


ZINC 


COAL 

M. Tons 


ASBESTOS 

M. Tons 


NAT. GAS 
Mm. cu.ft. 


PETROLEUM 

M. brls. 


Index — 

1926 = 101 * 




Thousands of fine ounces 




Millions 


of pounds 




1901-05 Av. 


(UN 


4,521 


4 


12.4 


41.8 


37.5 


* 


7,767 


. 48 


* 


555 


* 


1906-10 " 


477 


20,752 


1 


25.1 


56.9 


44.9 


* 


10,914 


91 


* 


525 


* 


1911-15 " 


716 


30,287 


1 


48.5 


77.4 


36.0 


* 


13,551 


136 


* 


238 


* 


1916-20 " 


780 


19,683 


2 


73.1 


100.4 


41.1 


32.0 


14,875 


165 


21,960 


231 


* 


1921-25 " 


1,337 


18,147 


7 


48.5 


78.7 


140.1 


75.6 


14,796 


198 


15,301 


206 


74 


1926 


1,754 


22,372 


20 


65.7 


133.1 


283.8 


149.9 


16,478 


279 


19,208 


364 


100 


1927 


1,853 


22,737 


23 


66.8 


140.1 


311.4 


165.5 


17,427 


275 


21,377 


477 


107 


1928 


1,891 


21,936 


24 


96.8 


202.7 


337.9 


184.6 


17,564 


273 


22,583 


624 


117 


1929 


1,928 


23,143 


30 


110.3 


248.1 


326.5 


197.3 


17,497 


306 


28,378 


1,117 


123 


1930 


2,102 


26,444 


68 


103.8 


303.5 


332.9 


267.6 


14,881 


242 


29,377 


1 ,522 


116 


1931 


2,694 


20,562 


92 


65.7 


292.3 


267.3 


237.2 


12,243 


164 


25,875 


1,543 


108 


1932 


3,044 


18,348 


65 


30.3 


247.7 


255.9 


172.3 


11,739 


123 


23,420 


1,044 


108 


1933 


2,949 


15,188 


56 


83.3 


300.0 


266.5 


199.1 


11,903 


158 


23,138 


1,145 


111 


1934 


2,972 


16,415 


200 


128.7 


364.8 


346.3 


298.6 


13,810 


156 


23,162 


1,411 


134 


1935 


3,285 


16,619 


190 


138.5 


419.0 


339.1 


320.6 


13,888 


210 


24,911 


1,447 


149 


1936 


3,748 


18,334 


235 


169.7 


421.0 


383.2 


333.2 


15,229 


301 


28,113 


1,500 


166 
190 


1937 C3) 


4,055 


23,106 


259 


219.9 


539.8 


416.1 


364.6 


15,663 


390 


28,001 


2,949 


ONTARIO 






von 


JME OF PRODUCTION 




VALUE OF PRODUCTION 


r 


PRECIOUS METALS(2) 


OTHER 


METALS 


NATURAL 

GAS 

Mm. CU.ft. 


PRECIOUS METALS(2) 


OTHER 


METALS 


Total 
Value 


Calendar Years 


GOLD 


SILVER 


PLATINUM 


NICKEL 


COPPER 


GOLD | SILVER 


PLATINUM 


NICKEL 


COPPER 




Thous 


ands of fine ou 


nces 


Millions 


?f pounds 




Millions 


■>f dollars 






1901-05 Av, 


8 


594 


4 


12.4 


7.4 


* 


.2 


.4 


.1 


5.3 


1.0 


14.8 


1906-10 " 


3 


17,994 


1 


25.1 


15.0 


* 


.1 


9.9 


- 


9.5 


2.3 


33.4 


1911-15 " 


197 


27,211 


1 


48.5 


26.9 


* 


4.1 


15.2 


- 


14.5 


4.1 


53.6 


1916-20 " 


480 


16,027 


2 


73.1 


38.3 


14,481 


9.9 


14.0 


.1 


28.4 


9.1 


82.8 


1921-25 " 


1,077 


10,583 


7 


48.5 


26.5 


7,781 


22.3 


7.0 


.7 


13.3 


3.6 


75.7 j 


1926 


1,497 


9,275 


20 


65.7 


41.3 


7,765 


31.0 


5.8 


1.6 


14.4 


4.8 


84.7 


1927 


1,627 


9,308 


23 


66.8 


45.3 


7,311 


33.6 


5.2 


1.3 


15.3 


4.9 


90.0 


1928 


1,578 


7,243 


24 


96.8 


66.6 


7,633 


32.6 


4.2 


1.3 


22.3 


8.8 


99.6 


1929 


1,622 


8,891 


30 


110.3 


88.9 


8,586 


33.5 


4.7 


1.7 


27.1 


14.6 


117.7 


1930 


1,736 


10,206 


68 


103.8 


127.7 


7,966 


35.9 


3.9 


2.4 


24.5 


15.2 


113.5 


1931 


2,086 


7,439 


92 


65.7 


112.9 


7,420 


45.0 


2.2 


2.8 


15.3 


9.1 


98.0 


1932 


2,280 


6,336 


65 


30.3 


77.1 


7,386 


53.5 


2.0 


2.0 


7.2 


4.4 


85.9 


1933 


' 2,156 


4,536 


56 


83.3 


145.5 


7,167 


61.6 


1.7 


1.5 


20.1 


10.1 


110.2 


1934 


2,105 


5,321 


200 


128.7 


205.1 


7,683 


72.6 


2.5 


6.2 


32.1 


14.8 


145.6 


1935 


2,220 


5,162 


190 


138.5 


252.0 


8,159 


78.1 


3.3 


5.4 


35.3 


19.3 


158.9 


1936 


2,379 


5,205 


235 


169.7 


287.9 


10,016 


83.3 


2.3 


7.8 


43.9 


26.9 


184.5 


1937 (3) 


2,568 




259 


219.9 






89.9 




9.9 


58.5 












QUEBE 


C 








MARITIMES 






VOLUME 


; OF PRODI 


ICTION 


VA 


LUE OF PI 


IODUCTIO 


N 


VOLUME OF PROD. 


VALUE 


OF PRODUCTION 


Calendar Years 


GOLD 


COPPER 


ASBESTOS 


GOLD 


COPPER 


ASBESTOS 


Total 


GOLD 

Thousands 


COAL 


GOLD 


COAL 


Total 




Thousands 
of fine ounces 


Millions 
of pounds 


Thousands 
of tons 








Value 


of 

fine ounces 


Thousands 
of tons 






Value 






Millions c 


/ dollars 




Millions of doll 


ars 


1901-05 Av. 


— 


1.3 


48 


_ 


.2 


1.2 


3.8 


21 


5,261 


.4 


9.2 


11.1 


1906-10 " 


- 


1.3 


91 


- 


.2 


2.4 


6.6 


11 


6,309 


.2 


12.4 


14.3 


1911-15 " 


1 


3.5 


136 


- 


.5 


3.3 


11.6 


5 


7,600 


.1 


16.7 


18.8 


1916-20 " 


1 


4.0 


165 


- 


1.0 


9.4 


20.3 


2 


6,445 


- 


23.6 


26.0 


1921-25 " 


1 


1.0 


198 


- 


.1 


6.7 


19.3 


1 


5,696 


- 


24.7 


27.3 


1926 


4 


2.7 


279 


.1 


.4 


10.1 


26.0 


2 


6,921 


- 


27.6 


30.7 


1927 


8 


3.1 


275 


.2 


.4 


10.6 


28.9 


3 


7,276 


.1 


28.1 


32.3 


1928 


60 


33.7 


273 


1.2 


4.9 


11.2 


37.0 


1 


6,951 


- 


28.3 


32.7 


1929 


91 


55.3 


306 


1.9 


10.0 


13.2 


46.4 


3 


7,275 


.1 


29.0 


33.3 


1930 


142 


80.3 


242 


2.9 


10.4 


8.4 


41.2 


1 


6,462 


- 


25.4 


29.4 


1931 


300 


68.4 


164 


6.5 


5.7 


4.8 


36.0 


- 


5,138 


- 


19.8 


23.3 


1932 


401 


67.3 


123 


9.4 


4.3 


3.0 


25.6 


1 


4,298 


- 


16.0 


18.4 


1933 


383 


69.9 


158 


11.0 


5.2 


5.2 


28.1 


1 


4,870 


- 


17.0 


19.1 


1934 


390 


74.0 


156 


13.5 


5.5 


4.9 


31.3 


4 


6,656 


.1 


22.9 


25.5 ! 


1935 


471 


79.1 


210 


16.6 


6.2 


7.1 


39.1 


9 


6,168 


.3 


21.5 


26.0 


1936 


667 


66.3 


301 


23.4 


6.3 


10.0 


49.5 


12 


7,018 


.4 


24.2 


29.1 


1937 <3) 


696 




390 


24.4 




14.1 




20 


7,540 


.7 


26.6 




*Not available. (1 


) Chiefly cem 


ent, sand and 


gravel, clay 


products an 


d other non 


metallic mil 


lerals. (2) 


Platinum fig 


ares include 


ill platinum 


metals. (3) 


Preliminary. 



FEBRUARY 1938 

ODUCTION 

Statistics 



34 



VALUE OF PRODUCTION 



PRECIOUS METALS(2) 



GOLD | SILVER | PLATINUM 



OTHER METALS 



NICKEL | COPPER 



I 



NON-METALS 



COAL | ASBESTOSl NAT. GAS.|PETROLEUM 



ALL"' 
OTHER 



Total 
Value 



Millions of dollars 



19.0 
9.9 
14.8 
16.1 
27.6 

36.3 

38.3 

39.1 

39.9 

43.5 

58.1 

71.5 

84.4 

102.5 

115.6 

1131.3 

141.9 



2.6 
11.5 
16.9 

17.4 
12.1 

13.9 

12.8 

12.8 

12.3 

10.1 

6.1 

5.8 

5.7 

7.8 

10.8 

8.3 

10.4 



.1 

.7 

1.6 
1.3 
1.3 
1.7 

2.4 
2.8 
2.0 
1.5 
6.2 
5.4 
7.8 
9.9 



5.3 

9.5 
14.5 
28.4 
13.3 

14.4 
15.3 
22.3 
27.1 
24.5 
15.3 
7.2 
20.1 
32.1 
35.3 
43.9 
58.5 



5.8 

8.9 

11.8 

23.8 
10.7 

17.5 
17.2 
28.6 
43.4 
37.9 
24.1 
15.3 
21.6 
26.7 
32.3 
39.5 
69.9 



1.6 
2.1 
1.7 
3.6 
11.0 

19.2 

16.5 

15.6 

16.5 

13.1 

7.3 

5.4 

6.4 

8.4 

10.6 

15.0 

21.4 



* 

* 

2.8 
4.9 

11.1 

10.3 

10.1 

10.6 

9.6 

6.1 

4.1 

6.4 

9.1 

9.9 

11.0 

18.0 



15.6 
25.0 
33.1 
55.1 
62.6 

59.9 
61.9 
63.8 
63.1 

52.8 
41.2 
37.1 
35.9 
42.0 
42.0 
45.8 
48.6 



1.2 
2.4 
3.3 
9.4 

6.7 

10.1 

10.6 

11.2 

13.2 

8.4 

4.8 

3.0 

5.2 

4.9 

7.1 

10.0 

14.1 



.3 
1.0 
3.0 

4.4 
5.8 

7.6 

8.0 

8.6 

10.0 

10.3 

9.0 

8.9 

8.7 

8.8 

9.4 

10.8 

10.8 



1.0 

.7 
.4 
.7 
.7 

1.3 

1.5 
2.0 
3.7 
5.0 
4.2 
3.0 
3.1 
3.4 
3.5 
3.4 
5.2 



11.5 
19.1 
30.5 
34.7 

45.2 

47.5 
53.7 
59.6 
69.4 
62.3 
51.4 
27.9 
22.5 
26.3 
30.4 
35.1 
43.4 



64.0 

90.1 

130.0 

196.5 

201.3 

240.4 
247.4 
275.0 
310.9 
279.9 
230.4 
191.2 
221.5 
278.2 
312.3 
361.9 
452.1 



Calendar Years 



Av. 



1901-05 
1906-10 
1911-15 
1916-20 
1921-25 

1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 
1937 (3) 













B 


RITISH 


COLUMBIA 














VOLUME OF 


PRODUCTION 




VALUE OF PRODUCTION 




PRECIOUS METALS 


OTHER METALS 




PRECIOUS METALS 


OTHER METALS 




Total 


Calendar Years 


GOLD 


SILVER 


COPPER 


LEAD 


ZINC 


COAL 

M. Tons 


GOLD 


SILVER 


COPPER 


LEAD 


ZINC 


OA 


Value 


housands o 


f fine ounces 


Millions of pounds 


Millions of dollars 




278 


3,745 


33.0 


37.1 


* 


1,842 


5.8 


2.1 


4.6 


1.6 


* 


4.9 


19.5 


Av. 1901-05 


261 


2,685 


38.4 


44.4 


* 


2,556 


5.4 


1.6 


6.1 


2.0 


* 


7.8 


24.3 


" 1906-10 


263 


2,915 


45.9 


35.8 


* 


2,554 


5.4 


1.6 


7.0 


1.7 


* 


8.0 


26.5 


" 1911-15 


165 


3,402 


54.8 


37.8 


30.2 


2,666 


3.4 


3.1 


12.9 


3.3 


2.6 


11.9 


38.7 


" 1916-20 


205 


6,669 


51.3 


131.6 


72.9 


2,715 


4.2 


4.5 


7.0 


10.4 


4.7 


13.3 


46.6 


" 1921-25 


226 


10,626 


89.1 


266.8 


137.0 


2,614 


4.7 


6.6 


12.3 


18.0 


10.2 


10.6 


65.6 


1926 


183 


11,040 


91.7 


292.8 


148.3 


2,746 


3.8 


6.2 


11.8 


15.4 


9.2 


10.9 


60.8 


1927 


197 


10,943 


102.3 


317.7 


163.5 


2,805 


4.1 


6.4 


14.9 


14.5 


9.0 


11.1 


64.5 


1928 


154 


10,156 


103.9 


308.0 


172.1 


2,490 


3.2 


5.4 


18.8 


15.6 


9.3 


10.2 


68.2 


1929 


164 


11,826 


93.3 


321.8 


250.5 


2,084 


3.4 


4.5 


12.1 


12.6 


9.0 


8.4 


55.0 


1930 


160 


8,062 


65.2 


261.9 


202.1 


1,876 


3.5 


2.4 


5.5 


7.1 


5.2 


7.2 


35.5 


1931 


199 


7,293 


50.6 


252.0 


130.5 


1,681 


4.7 


2.3 


3.2 


5.3 


3.1 


6.4 


27.3 


1932 


239 


6,737 


43.1 


263.3 


152.8 


1,382 


6.8 


2.5 


3.2 


6.3 


4.9 


5.3 


30.8 


1933 


296 


8,730 


48.2 


344.5 


249.2 


1,486 


10.2 


4.1 


3.6 


8.4 


7.6 


5.4 


41.2 


1934 


392 


9,178 


38.5 


336.8 


255.2 


1,331 


13.8 


5.9 


3.0 


10.6 


7.9 


5.0 


48.7 


1935 


452 


9,711 


21.1 


376.3 


255.6 


1,489 


15.8 


4.4 


2.0 


14.7 


8.5 


5.5 


54.3 


1936 


498 










1,569 


17.4 








5.7 






1937 (3) 











] 


PRAIRIE 


PROVINCES AND YUKON 












VOLUME OF 


PRODUCTION 




VALUE OF PRODUCTION 




GOLD 
Thousands 

< 0f 
*ne ounces 


OTHER 


METALS 


NON-METALS 


GOLD 


OTHER 


METALS 


NON-METALS 


Total 
Value 


Calendar Years 


COPPER 


ZINC 


COAL 
M. Tons 


NAT. GAS 
Mm. cu.ft. 


PETROLEUM 

M. brls. 


COPPER 


ZINC 


COAL 


NAT. GAS 


PETROLEUM 


Millions 


of pounds 


Millions of dollars 




611 


— 


* 


660 


* 


— 


12.6 


_ 


* 


1.4 


_ 


_ 


14.7 


Av. 1901-05 


202 


.2 


* 


2,039 


* 


- 


4.2 


- 


* 


4.7 


.1 


- 


11.4 


" 1906-10 


251 


1.1 


* 


3,386 


* 


- 


5.2 


.2 


* 


8.4 


.7 


- 


19.6 


" 1911-15 


132 


1.3 


- 


5,761 


6,766 


10 


2.7 


.3 


- 


19.6 


1.3 


.1 


28.8 


" 1916-20 


54 


- 


- 


6,384 


6,851 


40 


1.1 


- 


- 


24.6 


1.8 


.2 


32.4 


" 1921-25 


26 


- 


- 


6,944 


10,795 


216 


.5 


— 


- 


21.7 


3.0 


.9 


33.5 


1926 


31 


- 


- 


7,404 


13,435 


319 


.6 


- 


- 


22.9 


3.6 


1.2 


35.4 


1927 


54 


- 


- 


7,808 


14,289 


482 


1.1 


- 


- 


24.4 


3.8 


1.8 


41.1 


1928 


58 


- 


- 


7,731 


19,114 


989 


1.2 


- 


- 


23.9 


4.7 


3.5 


45.3 


1929 


59 


2.1 


3.9 


6,335 


20,749 


1,398 


1.2 


.2 


.1 


19.0 


4.9 


4.8 


40.8 


1930 


147 


45.8 


35.2 


5,227 


17,799 


1,414 


3.2 


3.8 


.9 


14.3 


4.1 


4.0 


37.8 


1931 


163 


52.7 


41.7 


5,758 


15,372 


907 


3.8 


3.4 


1.0 


14.8 


3.9 


2.8 


33.9 


1932 


171 


41.4 


46.3 


5,647 


15,353 


996 


4.9 


3.1 


1.5 


13.6 


3.9 


2.8 


33.3 


1933 


177 


37.5 


49.4 


5,663 


14,842 


1,254 


6.1 


2.8 


1.5 


13.8 


3.7 


3.1 


34.7 


1934 


193 


49.4 


60.1 


6,385 


16,061 


1,264 


6.8 


3.9 


1.9 


15.4 


4.1 


3.1 


39.6 


1935 


239 


44.8 


64.4 


6,718 


16,740 


1,310 


8.4 


4.3 


2.1 


16.1 


4.3 


3.2 


44.0 


1936 


272 






6,553 






9.5 






16.3 








1937 (3) 



MARCH 1938 



35 



MILLIONS OF DOLLARS 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 





''MM&M&iM3:i&& ] :iM:MMm& 



DEC. MAR. JUNE SEPT. 

1936 



MAR. JUNE SEPT. DEC. MAR. JUNE DEC. MAR. JUNE SEPT DEC. MAR. JUNE SEPT. DEC. MAR. JUNE 



1937 



1938 



1936 



1937 



1938 



36 

















MARCH 1938 


Millions of Dollars 
















I— BAI» 




- 
LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 

Assets) 
or 
Liabilitl 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.4 


184.7 


225.2 


22.5 


1.0 


64.0 


9.4 


322.0 1 


1937-12 Mths. 


48.5 


191.4 


239.9 


25.8 


1.2 


91.8 


13.5 


372.2 1 


1937— Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


362.6 


Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


363.9 11 


Apr. 


46.5 


191.7 


238.2 


31.2 


1.2 


82.4 


12.3 


365.4 : 


May 


46.4 


193.4 


239.8 


22.0 


1.0 


84.5 


13.0 


360.3 


June 


45.5 


190.3 


235.8 


19.8 


.6 


86.4 


13.4 


355.9 


July 


49.5 


182.8 


232.3 


13.2 


.6 


87.0 


12.6 


345.7 1 


Aug. 


51.4 


175.3 


226.7 


24.1 


.8 


92.3 


13.3 


357.2 


Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381.8 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.7 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.6 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.5 


1938— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386.7 


Feb. 


51.6 


193.7 


245.3 


21.6 


2.4 


98.6 


13.3 


381.3 


Wednesdays 

Mar. 2 


47.6 (,) 


192.0 


239.6 (l) 


20.2 


2.5 


102.3 (,) 


14.1 


378.7 


9 


50.6"' 


191.2 


241.8 (1) 


24.0 


2.2 


99.5 (1) 


13.4 


380.9 


16 


49.3 a> 


193.5 


242.8 (,) 


23.3 


2.6 


101.0 (l) 


13.9 


383.5 


23 


49.9 (1) 


194.0 


243.9 (1) 


25.7 


2.9 


98.9 (l> 


13.7 


385.1 



(1) Estimates. (2) Includes "Other Securities" 



CHARTERED BANKS ■ DISTRIBUTION OF TOTAL ASSETS = 1926-38 



BILLIONS Or DOLLARS 

4 



MONTH- END HGURES 



BILLIONS OF DOLLARS 

4 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 



MARCH 1938 
CANADA 



37 



Millions of Dollars 











ASSETS 








Reserve 


Securities 


Advances 


All 

Other 

Accounts 




old 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total'" 




4.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


Average of 
Wednesday Figures 

1935- 9Mths. 


9.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12 Mths. 


12.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1 937-12 Mths. 


9.5 


2.3 


14.7 


196.4 


56.07 


58.7 


102.9 


161.7 


— 


4.6 


Feb.— 1937 


;3.2 


2.3 


18.6 


204.2 


58.37 


51.8 


101.8 


153.6 


- 


6.1 


Mar. 


0.8 


2.4 


16.1 


209.3 


59.28 


50.5 


101.7 


152.3 


- 


3.8 


Apr. 


18.2 


2.4 


14.1 


204.7 


58.96 


47.7 


101.3 


149.0 


- 


6.5 


May 


!3.5 


2.5 


21.9 


207.9 


60.70 


39.5 


100.2 


143.7 


- 


4.3 


June 


11.0 


2.5 


18.2 


201.7 


60.56 


33.6 


96.2 


139.8 


— 


4.2 


July 


'9.5 


2.5 


23.7 


205.8 


59.83 


40.9 


94.2 


145.6 


- 


5.8 


Aug. 


'9.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


- 


4.7 


Sept. 


9.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. 


f9.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


- 


6.1 


Nov. 


F9.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


9.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan.— 1938 


10.0 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


*o.o 


3.0 


18.7 


201.7 


55.30 


118.5 


42.1 


172.8 


_ 


4.2 


Wednesdays 

Mar. 2 


9.9 


3.0 


22.6 


205.4 


55.91 


118.0 


41.9 


172.1 


- 


3.4 


9 


50.0 


3.0 


23.3 


206.3 


55.80 


120.1 


41.2 


173.6 


- 


3.7 


16 


50.4 


3.0 


24.5 


207.9 


55.97 


120.0 


41.0 


173.2 


— 


4.0 


23 



100% 



75% 



50% 



25% 



CHARTERED BANKS ; PERCENTAGE DISTRIBUTION OF TOTAL ASSETS = 1926-38 



month-cnd ricuncs 




100% 



75% 



50% 



25% 



1926 1927 I 



928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1936 



38 





















MARCH 1938 




















II— CHAR' 


Millions of Dollars 


















Bank 




LIABILITIES 






Notes 


Deposits 


Cash 

in 

Canada (3) 


Securities 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits*" 


Foreign 


Total 
Deposits'" 


DOM.-PROV. 


Othdt 
1 




Short 


Long 


Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


185 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


15 : \ 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


20(1 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


21^ 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


18c 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 


18c! 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


25( 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


301 j 


End of 

1937— Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


291 


Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


482 


653 


291 


Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


660 


30c 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


30f 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


30c 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


30* 


Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


32c 


Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


32f 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


311 


Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,825 


268 


425 


660 


30( 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


301 


1938— Jan. 


98 


640 


1,591 


84 


2,360 


399 


2,783 


251 


447 


690 


291 


Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 


30( 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 

CHARTERED BANKS ■ DISTRIBUTION OF TOTAL LIABILITIES = 1926-38 



BILLIONS OF DOLLARS 



ONTH-END FIGURES 



BILLIONS OF DOLLARS 




1926 1927 



1928 



1929 



1930 



CAPITAL AND RE SERVE 
1931 1932 1933 



1934 



1935 



1936 



1937 



1938 



MARCH 1938 



39 



D BANKS 

ada 



Millions of Dollars 



otal 



533 
499 
696 

841 

867 
,044 
,331 

,426 

,422 
,427 

,440 
,438 
,442 

,431 
,446 
,446 
,411 
,391 
,411 

!,434 
1,440 



ASSETS 



Loans 



CANADA 



Call 



140 
267 

117 

102 

102 

82 

93 

107 

119 
124 
121 
117 
116 

114 

114 

100 

82 

87 

76 

72 
70 



Current 
Public 



934 
1,343 
1,032 

907 
869 
829 
699 
732 

692 
694 
710 

728 
728 

735 
748 
771 
770 
768 
749 

731 
737 



Current 
Other 



87 
112 

165 

147 
145 
134 
121 
117 

113 
120 

125 
125 
125 

117 
115 
112 
121 
116 
113 

107 

114 



ABROAD 



Call 



250 
301 

84 

92 
107 
72 
64 
68 

68 
76 

72 

77 
70 

73 
75 
64 
53 
52 
60 

51 
51 



Current 



261 
248 
172 

148 
138 
146 
150 
165 

168 
172 
168 
161 
159 

158 
160 
172 
173 
159 
166 

168 
169 



Total 
Assets 



2,864 
3,528 
2,869 

2,831 
2,838 
2,957 
3,145 
3,317 

3,329 
3,337 
3,347 
3,334 
3,359 

3,299 
3,326 
3,340 
3,299 
3,293 
3,281 

3,239 
3,245 



daily Average data 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




Canada"' 


Deposits' 4 * 


Deposits in 


Note 






Canada 


Circulation* 5 ' 












Average of 
Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


238 


2,301 


10.3 


184 


Feb.— 1937 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 


245 


2,325 


10.5 


196 


Feb. 



I Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
( Chartered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS : PERCENTAGE DISTRIBUTION OF TOTAL LIABILITIES : 1926-38 



MONTH-END FIGURES 



100% 



75% 



50% 



25% 




100% 



75% 



50% 



25% 



1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 



40 



MARCH 1938 



III— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4^% due Nov. 1, 


3% due. 


une 1, 


5% due < 


Dct. 15, 


2}/ 2 % due 


June 1, 


iy 2 % due 


June 1, 


Average of 
Working Days 


1948-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


(1) 

100.75 


(l> 

1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— Feb. 


110.27 


3.43 


98.38 


3.12 


112.11 


2.98 


101.44 


2.25 


99.86 


1.54 


Mar. 


108.12 


3.64 


95.90 


3.32 


110.91 


3.15 


100.85 


2.35 


99.87 


1.54 


Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


100.01 


1.50 


May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


100.16 


1.45 


June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


100.35 


1.38 


July 


109.99 


3.43 


96.61 


3.25 


112.25 


2.85 


101.56 


2.22 


100.38 


1.36 


Aug. 


110.54 


3.37 


97.19 


3.21 


112.35 


2.80 


101.62 


2.20 


100.45 


1.33 


Sept. 


110.44 


3.37 


96.99 


3.22 


111.97 


2.84 


101.29 


2.26 


100.05 


1.48 


Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. 


111.42 


3.23 


98.17 


3.14 


113.38 


2.46 


102.12 


2.07 


100.68 


1.20 


Mar. (2) 


111.90 


3.20 


98.59 


3.11 


113.85 


2.35 


102.51 


1.99 


100.84 


1.11 



(1) Average July 1-Dec. 31. 



(2) Average Mar. 1-25. 



DOMINION OF CANADA DOMESTIC BOND YIELDS = 1937-38 



DAILY OPENING QUOTATIONS 




FEB. MAR. APR MAY JUNE JULY AUG, 

vEBAGt RATC Of lUCCESSriA. TtNOCAS TOR NEW OrrtBlNCi 



SEt=T, OCT NOV DEC. JAN FEB. MAR. 



MARCH 1938 



41 



III— SECURITY PRICES 

Bank of Canada 



Average of 
Working Days 


Government Bonds 

Middle Prices and Yields 


Treasury Bills 

Average Yield of Successful 
Tender s w 


Canada* 


U. K.*«) 


U.S.A.* 


Canada 


U.K. U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 9 Months 


1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


131 


1937 


103.37 


3.34 


101.15 


3.42 


102.61 


2.73 


.719 


.547 


509 


1937— Feb. 


104.33 


3.28 


102.38 


3.33 


105.65 


2.50 


.776 


.520 


373 


Mar. 


102.01 


3.47 


101.21 


3.41 


104.14 


2.62 


.805 


.521 


525 


Apr. 


101.64 


3.50 


101.81 


3.37 


101.15 


2.84 


.771 


.527 


667 


May 


102.29 


3.43 


101.85 


3.37 


101.53 


2.81 


.715 


.509 


685 


June 


103.09 


3.36 


100.36 


3.47 


101.52 


2.81 


.643 


.701 


572 


July 


103.30 


3.34 


99.36 


3.52 


102.04 


2.77 


.632 


.504 


514 


Aug. 


103.87 


3.29 


99.47 


3.52 


102.00 


2.77 


.636 


.523 


459 


Sept. 


103.72 


3.30 


99.51 


3.52 


101.35 


2.82 


.632 


.496 


584 


Oct. 


102.83 


3.37 


100.19 


3.49 


101.48 


2.81 


.696 


.538 


362 


Nov. 


103.02 


3.35 


101.43 


3.39 


102.06 


2.76 


.816 


.509 


143™ 


Dec. 


103.91 


3.28 


101.37 


3.40 


102.78 


2.71 


.761 


.688 


124™ 


1938— Jan. 


104.34 


3.23 


102.12 


3.35 


103.33 


2.66 


.726 


.500 


111™ 


Feb. 


104.80 


3.18 


102.68 


3.31 


103.43 


2.65 


.648 


.504 


078™ 


Mar. (6) 


105.25 


3.15 


101.07 


3.43 


103.63 


2.64 


.524 


.506 


070™ 



* Average of two long terra issues rated on chart below for each country; differing coupon rates and maturity provisions, and the fact that the U.S. 
Treasury issues are exempt from "normal" income tax, vitiate any direct comparison of absolute yield levels. 

(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) On (or nearest to) 15th of each month. (3) 120 days. (4) 96 days. (5) 91 days. (6) Average Mar. 1-25 for Bond Prices & Yields. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS : CANADA U.K. & USA : 1937- 38 




FEB MAR . APR 

*SEE NOTE (*) ABOVE. 



FEB. MAR. 



42 



MARCH 1938 



IV— STOCK EXCHANGE STATISTICS 

MONTREAL AND TORONTO STOCK EXCHANGES 

Stock Exchange Bulletins 





Member Borrowings 
ON Canadian Collateral 


Market Value of 
All Listed Stocks 


Common Stock 


Price Indexes 


Value o 
Traded Du 


f Shares 




Montreal Stock 


Toront 


> Stuck 


kingMontii 




Millions of Dollars 


Millions c 


/ Dollars 


Exel 
1QZ6 


ange 
= 100 


Exchange 
July-Dec. 1933 = 100 


Millions 


of Dollars 




Montreal 


(i) 

Toronto 


Total 


(l) 
Montreal 


(I) 
Toronto 


20 

Industrials 


10 

Utilities 


20 

Golds 


20 

Misc. Mines 


(l) 
Montreal 


(i) 
Toronto 


(2) 

1936-Open 


1G.1 


26.5 


42.6 


5,212 


4,933 


70 


68 


121 


124 


* 


63 


Low 


1G.1 


22.1 


38.2 


4,937 


4,713 


70 


67 


116 


124 


* 


39 


Average 


21.4 


31.4 


52.8 


5,393 


5,175 


80 


72 


137 


145 


* 


58 


High 


33.4 


43.7 


77.1 


6,158 


5,912 


109 


86 


156 


198 


* 


90 


Close 


33.4 


43.7 


77.1 


6,158 


5,912 


109 


86 


156 


197 


* 


75 


Month-End 
























1937-Jan. 


37.1 


46.7 


83.8 


6,327 


6,124 


114 


87 


164 


196 


94 


96 


Feb. 


38.7 


45.2 


83.9 


6,787 


6,450 


113 


90 


159 


211 


70 


94 


Mar. 


43.8 


42.3 


86.1 


6,773 


6,319 


120 


84 


151 


197 


92 


81 


Apr. 


39.6 


40.1 


79.7 


6,152 


5,629 


104 


77 


129 


162 


85 


86 


May 


37.1 


39.9 


77.0 


6,103 


5,746 


107 


77 


120 


158 


36 


42 


June 


37.5 


38.6 


76.1 


5,969 


5,544 


103 


78 


113 


151 


25 


33 


July 


37.7 


39.7 


77.4 


6,339 


5,831 


109 


82 


120 


165 


26 


26 


Aug. 


38.9 


43.1 


82.0 


6,270 


5,787 


108 


80 


122 


164 


27 


29 


Sept. 


26.4 


34.5 


60.9 


5,572 


5,088 


86 


74 


115 


131 


45 


44 


Oct. 


18.0 


28.4 


46.4 


5,124 


4,816 


80 


71 


115 


117 


39 


51 


Nov. 


18.1 


28.5 


46.6 


4,838 


4,565 


74 


66 


116 


113 


23 


37 


Dec. 


17.5 


27.8 


45.3 


4,884 


4,635 


73 


67 


120 


118 


20 


33 


1938-Jan. 


17.1 


27.4 


44.5 


4,999 


4,849 


77 


66 


124 


125 


21 


37 


Feb. 


17.1 


27.8 


44.9 


5,123 


4,964 


78 


65 


122 


128 


17 


38 



(1) Including Curb Market. (2) Monthly figures except in the case of Common Stock Prices where daily figures were used. * Not available. 



COMMON STOCK PRICE INDEXES AND TOTAL VALUE OF LISTED STOCKS : 1936-38 



RATIO SCALE 




JAN FEB MAR. APR MAY JUNE JULY AUG. SEPT OCT NOV DEC JAN. FEB MAR APR MAY JUNE JULY AUG SEPT. OCT. NOV DEC JAN. FEB. MAR. 
I936 1937 1938 



MARCH 1938 



43 



Cents per unit 



V— FOREIGN EXCHANGE RATES 

Federal Reserve Bulletin and Bank of Canada 



Average of 


Sterling 
Canada 


n 


U.S. Dollar 
in Canada 


Can. Dollar 
in New York 


Sterling in 
New York 


French Franc 
in New York 


Working Days 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 


1928 


487.06 


+ 


.08 


100.09 


+ 


.09 


99.91 


_ 


.09 


486.62 


- .01 


3.921 


+ .08 


1929 


489.38 


+ 


.56 


100.76 


+ 


.76 


99.25 


— 


.75 


485.69 


- .20 


3.916 


- .05 


1930 


486.98 


+ 


.07 


100.16 


+ 


.16 


99.84 


- 


.16 


486.21 


- .09 


3.925 


+ .18 


1931 


470.66 


— 


3.29 


103.79 


+ 


3.79 


96.35 





3.65 


453.50 


- 6.82 


3.920 


+ .05 


1932 


398.02 


— j 


18.21 


113.52 


+13.52 


88.09 


-11.91 


350.61 


-27.96 


3.928 


+ .26 


1933 


460.73 


- 


5.33 


108.74 


+ 


8.74 


91.96 


- 


8.04 


423.68 


-12.94 


5.031 


+28.41 


1934 


498.91 


+ 


2.52 


99.00 


— 


1.00 


101.01 


+ 


1.01 


503.93 


+ 3.55 


6.569 


+67.67 


1935 


492.68 


+ 


1.24 


100.51 


+ 


.51 


99.49 


— 


.51 


490.18 


+ .72 


6.601 


+68.48 


1936 


497.45 


+ 


2.22 


100.06 


+ 


.06 


99.91 


— 


.09 


497.09 


+ 2.14 


6.114 


+56.05 


1937 


494.37 


+ 


1.59 


99.99 


- 


.01 


100.00 




— 


494.40 


+ 1.59 


4.046 


+ 3.27 


1936— Nov. 


488.17 


+ 


.31 


99.86 


_ 


.14 


100.12 


+ 


.12 


488.80 


+ .44 


4.647 


+ 18.61 


Dec. 


490.42 


+ 


.77 


99.93 


— 


.07 


100.06 


+ 


.06 


490.78 


+ .85 


4.668 


+ 19.15 


1937— Jan. 


490.93 


+ 


.88 


100.03 


+ 


.03 


99.96 


— 


.04 


490.75 


+ .84 


4.667 


+19.12 


Feb. 


489.53 


+ 


.59 


100.02 


+ 


.02 


99.96 


— 


.04 


489.39 


+ .56 


4.656 


+18.84 


Mar. 


488.24 


+ 


.33 


99.95 


- 


.05 


100.05 


+ 


.05 


488.51 


+ .38 


4.595 


+ 17.28 


1937— Nov. 


499.07 


+ 


2.55 


99.92 


_ 


.08 


100.07 


+ 


.07 


499.61 


+ 2.66 


3.395 


-13.35 


Dec. 


499.85 


+ 


2.71 


100.04 


+ 


.04 


99.95 


— 


.05 


499.64 


+ 2.67 


3.395 


-13.35 


1938— Jan. 


500.03 


+ 


2.75 


100.01 


+ 


.01 


99.98 


— 


.02 


499.98 


+ 2.74 


3.335 


-14.88 


Feb. 


501.65 


+ 


3.08 


99.97 


— 


.03 


100.02 


+ 


.02 


501.80 


+ 3.11 


3.281 


-16.26 


Mar'. 31 


499.96 


+ 


2.73 


100.21 


+ 


.21 


99.78 


- 


.22 


498.89 


+ 2.51 


3.141 


-19.83 



(1) Except for Sterling and the U. S. Dollar in Canada in 1936 and after, which are noon middle rates, all quotations are based on noon buying rates in 
New York. (2) Based on pre-1931 pars of $4.86656, $1.00 and 3.9179 c. respectively. (3) Mar. 1-25. 



CURRENCIES AS PERCENTAGE OF FORMER GOLD PARITIES : 1931-38 = 



LEAGUE OF NATIONS AND FEDERAL RESERVE BULLETINS 



100%^ 




100% 



75% 



50% 



1931 1932 1933 

♦Last points shown are February 1938 averages. 



44 



MARCH 1938 



Millions of Dollars 



VI— EXTERNAL TRADE : MERCHANDISE IMPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Fruits, 


Sugar 


Rubber 


Petroleum 


Coal and 


Textiles 


Iron 


Machinery 


Non- 




All 


Total 




Nuts and 


and 


and 


Asphalt 


Coke 


and 


and 


and 


ferrous 






Merchandise 




Vegetables 


Products 


Products 


and 
Products 


Products 


Fibres 


Steel 


Vehicles 


Metal 
Products 


Products 


Other 


Import8(D 


Calendar Year Totals 


























1926 


40 


38 


30 


53 


67 


184 


98 


122 


51 


31 


294 


1,008 


1929 


50 


28 


23 


78 


64 


199 


139 


203 


91 


40 


385 


1,299 


1932 


27 


17 


4 


43 


35 


69 


30 


37 


22 


28 


141 


453 


1933 


22 


16 


5 


31 


31 


70 


29 


32 


18 


24 


124 


401 


1934 


26 


17 


10 


41 


40 


84 


43 


51 


26 


28 


148 


513 


1935 


28 


19 


10 


44 


38 


85 


51 


61 


34 


30 


152 


550 


1936 


33 


21 


12 


50 


40 


99 


57 


79 


35 


32 


179 


635 


1937 


35 


21 


19 


59 


42 


115 


87 


124 


47 


37 


222 


809 


12 Months Ending 


























Feb. (2) 1938 


35 


21 


19 






113 


87 


124 


47 


37 




805 


Monthly Totals 


























1936— Sept. 


2.8 


2.1 


1.0 


5.3 


3.4 


7.8 


4.8 


5.3 


2.5 


2.5 


15.4 


53.0 


Oct. 


3.4 


2.3 


1.4 


6.1 


4.2 


9.5 


5.7 


6.6 


3.3 


3.3 


19.5 


65.2 


Nov. 


2.7 


2.5 


1.8 


5.6 


3.8 


9.0 


5.8 


6.6 


3.1 


3.7 


21.4 


66.2 


Dec. 


2.5 


1.4 


.7 


2.7 


3.6 


8.7 


4.3 


7.8 


2.7 


2.3 


16.1 


53.0 


1937— Jan. 


1.8 


.6 


1.0 


2.2 


2.9 


9.6 


4.5 


8.9 


2.9 


2.6 


15.0 


51.9 


Feb. 


2.1 


.5 


.8 


2.1 


2.8 


9.1 


4.4 


7.9 


3.1 


2.2 


13.7 


48.7 


1937— Sept. 


2.9 


2.6 


1.4 


7.2 


3.8 


8.4 


8.2 


9.3 


3.9 


3.0 


19.6 


70.2 


Oct. 


2.7 


3.0 


2.9 


6.9 


4.5 


9.8 


8.6 


11.6 


4.9 


3.6 


23.7 


82.1 


Nov. 


2.8 


2.6 


2.2 


6.9 


4.8 


9.5 


8.2 


11.9 


4.5 


4.7 


22.7 


80.6 


Dec. 


2.4 


1.3 


1.3 


2.7 


3.4 


6.6 


4.9 


9.6 


3.5 


2.3 


15.3 


53.1 


1938— Jan. 


1.9 


.7 


.8 


2.4 


3.2 


8.0 


4.1 


8.7 


3.3 


2.1 


14.5 


49.7 


Feb. (2) 


1.8 


.5 


.5 






8.0 


4.1 


8.2 


3.0 


2.3 




47.0 



(1) Includes Merchandise re-exports. 



(2) Preliminary. 



PERCENTAGE INCREASE OR DECREA 
TOTAL MERCHANDISE IMPORTS AND EXPORTS (incl. gold) 



PERCENTAGE CHANGE IN 
IMPORTS ggg 
EXPORTS |B 




30% 






15% 



15% 



MARCH 1938 



45 



Millions of Dollars 



VI— EXTERNAL TRADE : MERCHANDISE EXPORTS 

VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Grains 
and 


Cattle 
Meat 


Butter 
and 


Furs, 
Skins and 


Non- 
Monetary 


Other 
Non- 


Lumber 
and 


Paper, 
Wood Pulp 


Machinery 
and 


Chemical 


All Other 


Total 
Merchandise 




Flour 


and Fish 


Cheese 


Raw 
Leather 


Gold(2) 


Ferrous 
Metals 


Shingles 


and 
Pulpwood 


Vehicles 


Products 




Exports»><2) 


Calendar Year Totals 


























1926 


474 


81 


28 


34 


14 


75 


71 


188 


60 


17 


235 


1,275 


1929 


322 


65 


19 


38 


11 


144 


57 


212 


74 


22 


226 


1,189 


1932 


160 


27 


10 


14 


61 


44 


15 


110 


12 


11 


87 


550 


1933 


146 


35 


9 


18 


79 


61 


21 


101 


15 


13 


112 


609 


1934 


162 


49 


7 


20 


110 


90 


30 


120 


28 


14 


130 


759 


1935 


166 


55 


8 


23 


117 


116 


33 


129 


38 


16 


141 


842 


1936 


269 


69 


13 


28 


132 


134 


43 


150 


36 


18 


179 


1,070 (4) 


1937 


161 


85 


14 


27 


145 


195 


52 


190 


47 


22 


204 


1,143 


12 Months Ending 


























Feb."' 1938 


156 


82 


14 


24 


146 


200 


50 


185 


50 


21 


203 


1,133 


Monthly Totals 


























1936— Sept. 


25.0 


5.8 


1.5 


1.6 


10.3 


12.8 


4.2 


14.3 


2.5 


1.5 


14.5 


94.1 


Oct. 


35.6 


6.0 


2.2 


1.4 


13.4 


12.4 


4.7 


14.5 


2.6 


1.7 


19.1 


113.4 


Nov. 


42.1 


6.4 


2.1 


1.4 


13.6 


12.0 


4.5 


14.6 


3.1 


1.6 


19.6 


121.0 


Dec. 


28.1 


6.3 


.9 


4.3 


11.5 


10.5 


4.7 


13.6 


2.9 


1.5 


20.5 


104.9 


1937— Jan. 


14.0 


7.2 


.1 


6.5 


10.2 


11.5 


3.9 


13.3 


3.3 


1.6 


15.3 


86.8 


Feb. 


9.0 


6.8 


.1 


3.1 


10.8 


12.7 


3.1 


11.6 


3.0 


1.7 


12.9 


74.8 


1937— Sept. 


10.6 


7.0 


2.1 


1.4 


11.6 


15.3 


6.1 


17.7 


3.2 


1.5 


17.5 


94.2 


Oct. 


16.7 


7.1 


2.7 


1.0 


11.4 


17.1 


4.6 


17.8 


3.3 


1.5 


21.4 


104.6 


Nov. 


22.5 


6.9 


2.7 


.9 


12.1 


19.1 


4.2 


17.2 


3.4 


1.8 


22.1 


112.8 


Dec. 


11.3 


5.9 


.4 


1.9 


16.4 


13.1 


3.1 


16.1 


3.3 


1.5 


18.4 


91.5 


1938— Jan. 


11.6 


6.5 


.1 


4.1 


11.0 


14.6 


2.9 


10.5 


4.1 


1.4 


14.4 


81.3 


Feb." 1 


6.0 


5.1 


.1 


2.6 


11.2 


15.0 


2.8 


9.6 


4.6 


1.6 


12.2 


70.8 



(1) Exports of Canadian Produce. (2) Adjusted for changes in "earmarked" gold. (3) Preliminary. (4) Revised. 



}OM SAME MONTH OF PREVIOUS YEAR 



MERCHANDISE EXPORTS 







ALL OTHER (inclcoloi 



SEPT. OCT NOV. DEC. JAN. FEB. 

1937 1938 



25% 



25% 



46 



MARCH 1938 



VII— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume of 


PRODUCTION 


Con- 
struction 


Car 


Employ- 
















ment 




Business 
Index 


Gold 


Copper 


Steel 


Auto- 
mobiles 


News- 


Central 
Electric 


Contracts 


Loadings 


Index«> 




Seasonally 








& Trucks 


print 


Stations 






Seasonally 
adjusted 




adjusted 




















Thousands 


Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 








1926 = 100 


Fine Ounces 


Short Tons 


Long Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


1926 = 100 


Annual TotalsO) 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,022 (3) 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 


182 


758 (3> 


117 


2,605 (3) 


21,197 (3) 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


9 42 (3) 


173 


2,765 (3) 


23,283 (3) 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,116 (3 > 


162 


3,225 C3) 


25,394 


163 


2,494 


104.0 


1937 


122.8 


4,091 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1936-Oct. 


121.5 


335.7 


17.3 


98.3 


5.4 


301.1 


2,281 


15.0 


263.5 


106.2 


Nov. 


118.0 


320.8 


18.5 


98.5 


10.8 


285.8 


2,262 


13.8 


219.9 


107.5 


Dec. 


118.4 


331.8 


21.8 


104.0 


20.2 


289.3 


2,326 


6.1 


205.7 


107.8 


1937-Jan. 


116.9 


328.5 


18.6 


115.2 


19.6 


287.7 


2,318 


6.6 


192.5 


108.1 


Feb. 


115.0 


310.1 


19.2 


111.8 


19.7 


275.5 


2,147 


8.7 


186.2 


107.1 


1937-Oct. 


127.4 


358.8 


25.9 


114.5 


8.1 


314.6 


2,365 


20.2 


260.0 


119.8 


Nov. 


127.9 


352.8 


25.4 


110.7 


16.6 


302.2 


2,415 


14.7 


235.1 


118.8 


Dec. 


121.4 


361.7 


24.6 


98.3 


20.7 


293.0 


2,458 


10.8 


204.2 


117.8 


1938-Jan. 


112.0 (3> 


361.1 


26.2 


112.4 (3) 


17.6 


222.5 


2,279 


9.1 


187.4 


114.7 


Feb. 


105.5 






99.0 


16.1 


202.6 


2,058 


6.6 


179.7 


112.3 



(1) As at end of month. All monthly figures except the last have been revised. 

(2) Average of months in case of Physical Volume of Business and Employment Indexes. 



(3) Revised, 



EMPLOYMENT INDEX ■ FEB. 1937 TO FEB. 1938 
PERCENTAGE INCREASE OVER SAME MONTH OF PREVIOUS YEAR 




JAN. FEB. 

1938 



MARCH 1938 



47 



Millions of Dollars 



VIII— CONSTRUCTION CONTRACTS AWARDED 

Compiled from MacLean Building Reports Limited 





Private Contracts 


Public 


Total 


Distribution by Areas 
























Resi- 


In- 


Business 


Engin- 


Total 


Contracts 


Con- 


Maritime 


Quebec 


Ontario 


Western 




dential 


dustrial 




eering 


Private 














Annual Totals 
























1926 


109.6 


79.7 


84.3 


25.0 


298.5 


74.4 


372.9 


8.4 


151.9 


141.9 


70.7 


1929 


128.9 


63.0 


139.6 


99.4 


430.9 


145.7 


576.7 


20.2 


187.8 


215.8 


152.9 


1933 


23.9 


9.1 


16.2 


9.0 


58.2 


39.1 


97.3 


7.2 


32.5 


42.6 


15.0 


1934 


30.6 


8.0 


19.3 


13.1 


71.1 


54.7 


125.8 


10.0 


34.1 


63.4 


18.3 


1935 


36.4 


10.3 


19.8 


22.1 


88.6 


71.7 


160.3 


14.4 


44.5 


70.9 


30.6 


1936 


42.9 


15.0 


24.4 


29.9 


112.2 


50.4 


162.6 


17.9 


45.7 


72.4 


26.5 


1937 


56.2 


33.8 


33.4 


28.0 


151.4 


72.6 


224.1 


21.6 


71.9 


97.8 


32.8 


12 Mths. Ending 
























Feb. 1938 


54.7 


32.9 


32.7 


29.4 


149.7 


74.8 


224.4 


21.3 


73.4 


96.0 


33.8 


Monthly Totals 
























1936-Sept. 


4.3 


1.1 


2.2 


1.3 


8.9 


7.7 


16.6 


2.9 


2.9 


6.7 


4.2 


Oct. 


5.1 


1.2 


2.6 


1.8 


10.7 


4.3 


15.0 


1.1 


5.3 


7.3 


1.3 


Nov. 


4.2 


1.0 


1.6 


2.6 


9.4 


4.4 


13.8 


.6 


7.5 


4.9 


.9 


Dec. 


1.9 


.5 


1.0 


.2 


3.6 


2.5 


6.1 


.4 


2.1 


2.3 


1.2 


1937-Jan. 


2.8 


.5 


1.4 


.5 


5.2 


1.5 


6.6 


.5 


2.3 


2.9 


1.0 


Feb. 


3.0 


2.0 


2.2 


.8 


8.0 


.8 


8.7 


1.1 


2.7 


4.1 


.8 


1937-Sept. 


4.8 


7.5 


2.6 


2.5 


17.3 


4.5 


21.7 


.7 


6.6 


11.9 


2.6 


Oct. 


4.9 


2.2 


2.3 


5.0 


14.4 


5.8 


20.2 


2.0 


7.0 


6.9 


4.3 


Nov. 


4.3 


1.3 


2.2 


3.5 


11.4 


3.3 


14.7 


1.3 


6.1 


5.4 


1.9 


Dec. 


2.7 


.4 


1.6 


2.2 


6.9 


3.8 


10.8 


.9 


5.6 


3.3 


1.0 


1938-Jan. 


2.3 


.8 


1.3 


1.3 


5.8 


3.4 


9.1 


.6 


3.8 


3.0 


1.8 


Feb. 


2.0 


.9 


1.5 


1.3 


5.6 


1.0 


6.6 


.8 


2.6 


2.2 


1.0 



PRIVATE CONSTRUCTION CONTRACTS AWARDED 



MILLIONS OF DOLLARS 



RUNNING 3-MONTH TOTALS 



MILLIONS OF DOLLARS 





DJFMAMJJASOND DJFMAMJjASOND 



48 



MARCH 1938 



IX— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau of Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.0 


84.2 


81.1 


80.4 


84.5 


Monthly 












1937-Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Jan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 



U.K. 

Board of Trade w 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


80.7 


83.8 


82.4 


86.6 


83.4 


88.0 


83.3 


89.3 


83.1 


89.3 


84.2 


90.0 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 



U.S.A. 

Bureau of Labour 



Farm 
Products 


Raw 
Materials 


Foods 


Manu- 
factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 



(1) Adjusted to 1926 = 100 from base 1913 = 100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. 

(2) Bureau of Labour Index of Prices of Finished Products. 



WHOLESALE PRICE INOEXES 

1926=100 




INCLUDING NEWSPRINT 



MARCH 1938 



49 



Index 1926 = 100 



X— COST OF LIVING INDEXES « 

Dominion Bureau of Statistics 















Fuel, 


Foods, Fuel, 






Food 


Fuel 


Clothing 


Rents 


Sundries 


Clothing, 


Clothing, 


Total 




30% 


6% 


18% 


20% 


26% 


Household 
Requirements 


Household 
Requirements 


100% 


Average of Months 


















1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


101.0 


96.4 


96.9 


103.3 


99.0 


96.9 


98.9 


99.9 


1932 


64.3 


91.4 


72.3 


94.7 


94.6 


80.3 


72.6 


81.3 


1935 


70.4 


86.8 


69.9 


81.3 


92.2 


77.5 


74.1 


79.1 


1936 


73.4 


86.4 


70.5 


83.7 


92.9 


78.0 


75.8 


80.8 


1937 


77.3 


85.4 


72.7 


86.9 


93.6 


79.6 


78.5 


83.1 


Monthly 


















1937— Feb. 


75.6 


86.4 


71.6 


84.9 


93.1 


78.8 


77.2 


81.9 


Mar. 


75.7 


86.4 


72.6 


84.9 


93.3 


79.5 


77.7 


82.2 


Apr. 


76.3 


86.4 


72.6 


84.9 


93.3 


79.5 


77.9 


82.4 


May 


76.6 


85.9 


72.6 


87.3 


93.4 


79.5 


78.1 


82.9 


June 


76.4 


84.0 


72.9 


87.3 


93.7 


79.5 


78.0 


82.9 


July 


77.2 


83.8 


72.9 


87.3 


93.7 


79.5 


78.4 


83.1 


Aug. 


79.1 


84.4 


72.9 


87.3 


93.7 


79.6 


79.4 


83.7 


Sept. 


78.3 


84.5 


73.3 


87.3 


93.9 


79.9 


79.1 


83.6 


Oct. 


78.9 


85.3 


73.3 


89.0 


93.9 


80.1 


79.5 


84.2 


Nov. 


78.8 


85.7 


73.3 


89.0 


93.9 


80.2 


79.5 


84.2 


Dec. 


79.1 


86.1 


73.3 


89.0 


93.9 


80.3 


79.7 


84.3 


1938— Jan. 


78.4 


86.2 


73.3 


89.0 


93.9 


80.3 


79.4 


84.1 


Feb. 


77.9 


86.0 


73.3 


89.0 


93.9 


80.3 


79.1 


83.9 



(1) Components were selected and weighted on the basis of a family income of $2,000-$2,500 in the years 1926-9. 



INDEXES OF COST OF LIVING WHOLESALE PRICES AND WAGE RATES 1926-37 



1926=100 




1926 1927 1928 1929 1930 1931 1932 1933 

•hourly wage rate index is not INCLUDED BECAUSE figures are available onlv on an annual average basis 

TOEPT. OF LABOUR GENERAL AVERAGE WEIGHTED INOEX I8I3-IO0 AOJUSTEO TO 1)26-100 



1934 



1935 



1936 1937 



50 



MARCH 1938 



Index 1926 = 100 <» 



XI— HOURLY WAGE RATES 

Department of Labour 





Building 


Metal 


Printing 


Electric 


Steam 


Coal 


Factory 


Misc. 


Logging 


Total 




Trades 


Trades 


Trades 


Railways 


Railways 


Mining 


Labour 


Factory 
Trades 


and 

SaW'Milling 


Index 


1920 


105.1 


118.0 


95.2 


103.1 


118.6 


118.1 


114.9 


110.2 


112.1 


111.5 


1921 


99.1 


105.3 


100.0 


102.0 


105.1 


124.4 


101.8 


102.7 


84.4 


101.9 


1922 


94.4 


97.9 


99.5 


97.9 


98.9 


118.2 


97.7 


96.1 


87.8 


96.7 


1923 


96.7 


98.1 


97.7 


98.8 


100.0 


118.2 


97.0 


99.7 


94.2 


98.9 


1924 


98.6 


98.9 


99.3 


98.9 


100.0 


114.9 


97.8 


100.5 


101.3 


100.1 


1925 


99.0 


98.9 


99.7 


99.7 


100.0 


100.1 


99.5 


99.4 


98.8 


99.4 


1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


104.2 


100.4 


100.9 


100.8 


106.4 


100.3 


100.2 


101.4 


101.1 


102.2 


1928 


107.8 


101.5 


102.6 


103.0 


106.4 


100.9 


99.9 


102.1 


101.9 


103.2 


1929 


114.8 


104.1 


104.7 


105.4 


109.6 


100.9 


100.3 


102.7 


102.7 


105.2 


1930 


118.1 


105.2 


105.2 


105.8 


109.6 


101.2 


100.5 


102.8 


101.7 


105.8 


1931 


113.7 


103.1 


106.1 


105.4 


106.9 


101.2 


97.9 


100.3 


90.2 


101.5 


1932 


103.5 


98.5 


100.5 


101.4 


98.7 


98.0 


92.7 


93.7 


78.2 


95.4 


1933 


91.8 


95.4 


95.3 


97.0 


96.4 


96.7 


89.7 


89.3 


67.3 


90.3 


1934 


89.9 


94.7 


94.9 


96.8 


93.2 


97.3 


91.2 


91.8 


80.3 


91.5 


1935 


92.9 


95.7 


95.4 


97.5 


98.7 


99.0 


93.4 


93.9 


84.2 


94.1 


1936 


93.4 


95.9 


95.8 


98.5 


98.7 


99.1 


95.9 


96.0 


91.8 


95.9 


1937 


96.0 


105.6 


97.2 


101.1 


105.2 


99.6 


104.4 


103.6 


104.0 


102.9 



(1) Base 1913 adjusted to 1926=100 



INDEXES OF HOURLY WAGE RATES ■■ 1922-37 



120 



100 




80 



PERCENTAGE OF 
WAGE-EARNERS EMPLOYED* \ 



u. 



4- 




1922 '23 '24 '25 '26 '27 '28 '29 "30 

* SOURCE DOMINION BUREAU OF STATISTICS. SEE 8AI 



'31 '32 '33 34 '35 '36 '37 I922'23 '24 '25 '26 "27 '28 '29 30 '31 '32 '33 - 34 '35 "36 37 

IK OF CANADA STATISTICAL SUMMARY FOR JANUARY, 1938, PAGE M 



MARCH 1938 



51 



XII— TELEPHONE STATISTICS 

Dominion Bureau of Statistics 



Calendar Year Ends 


Capital 

Stock 

and 

Funded 
Debt 


Number 
of 

Em- 
ployees 


Salaries 

and 
Wages 

Paid 

Out 


Number of Telephones 


Number of City 

Telephones 

Connected to 


Calls 
per 

Capita 


Miles 

of 

Pole 

Line 


Miles 
of 




Business 


Residence 

and 
Public Pay 


(2) 

Rural 


Total 


Per 100 

Population 


Automatic 
Switch 
Boards 


Manual 
Switch 
Boards 


Wire 




Millions 
of Dollars 


Thous- 
ands 


Millions 
of Dollars 


Thousands 


Units 


Thousands 


Units 


Thousands of Miles 


1924 
1925 
1926 

1927 
1928 
1929 

1930 
1931 
1932 

1933 
1934 
1935 
1936 


160 

168 
179 

192 
207 
235 

258 
274 

278 

272 
271 
270 
272 


22 
22 
23 

23 
24 

27 

27 
24 
21 

19 
17 
17 
18 


18 
19 

25 

26 
29 
32 

32 
28 
24 

21 
21 
22 
23 


281 
298 
312 

324 
346 
366 

373 
369 
352 

341 
350 
351 
371 


526 
576 
619 

660 
708 

747 

765 

749 
689 

642 
630 
639 
665 


264 
269 
271 

276 

281 
269 

265 

245 
221 

210 

217 
219 
230 


1,071 
1,143 
1,201 

1,260 
1,335 
1,383 

1,403 
1,364 
1,261 

1,192 
1,197 
1,209 
1,266 


11.7 
12.3 
12.7 

13.1 
13.6 
13.8 

13.7 
13.2 
12.0 

11.2 
11.1 
11.1 
11.5 


92 
132 

182 

218 
278 
352 

424 
469 
467 

482 
501 
521 
547 


530 
556 
551 

559 
553 
534 

484 
424 
359 

299 

285 
280 
282 


* 
* 
* 

* 

226 
246 

246 
236 
223 

213 
213 
211 
222 


193 

194 
202 

204 
208 
215 

216 
217 
215 

214 
208 
208 
211 


2,794 
3,020 
3,306 

3,591 
3,983 
4,486 

4,790 
4,985 
5,089 

5,135 
5,134 
5,121 
5,197 













BY PROVINCES 


— 1936 














Maritimes. . . 


15 


1.4 


1.3 


22 


40 


19 


81 


7.6 


22 


16 


* 


14 


180 


Quebec 


164} 


4.1 


6.1 


95 


154 


26 


275 


8.9 


180 


29 


* 


21 


1,232 


Ontario .... 


7.1 


10.2 


158 


320 


98 


576 


15.6 


224 


158 


* 


57 


2,404 


Manitoba . . . 


21 


1.0 


1.4 


20 


32 


12 


65 


9.1 


46 


- 


* 


18 


317 


Saskatchewan 


20 


.6 


.8 


16 


18 


45 


79 


8.5 


20 


- 


* 


70 


388 


Alberta .... 


30 


1.1 


1.0 


21 


27 


14 


63 


8.1 


37 


- 


* 


25 


265 


Br. Columbia 05 


22 


2.4 


2.6 


39 


73 


15 


126 


16.8 (i) 


16 


79 


* 


7 


411 



(1) Not including rural business. (2) Business and residence. (3) Including Yukon. (4) Br. Columbia only. *Not available. 



TELEPHONE STATISTICS 



RATIO SCALE 




1924 



933 



1934 



1935 



1936 



APRIL 1938 



52 



MILLIONS OF DOLLARS 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 





DEC MAR. JUNE SEPT. DEC. MAR. JUNE SEPT. DEC. MAR. JUNE DEC. MAR. JUNE SEPT. DEC. MAR. JUNE SEPT DEC MAR JUNE 

1936 1937 1938 1936 1937 1938 



53 



Millions of Dollars 



APRIL 1938 

I— BAN 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Asset 
or 
Liabilit 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.4 


184.7 


225.2 


22.5 


1.0 


64.0 


9.4 


322.G 


1937-12 Mths. 


48.5 


191.4 


239.9 


25.8 


1.2 


91.8 


13.5 


372.2 


1937— Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


363.S 


Apr. 


46.5 


191.7 


238.2 


31.2 


1.2 


82.4 


12.3 


365.4 


May 


46.4 


193.4 


239.8 


22.0 


1.0 


84.5 


13.0 


360.3 


June 


45.5 


190.3 


235.8 


19.8 


.6 


86.4 


13.4 


355.S 


July 


49.5 


182.8 


232.3 


13.2 


.6 


87.0 


12.6 


345.7 


Aug. 


51.4 


175.3 


226.7 


24.1 


.8 


92.3 


13.3 


357.2 


Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381 .t 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.7 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.C 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.5 


1938— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386.7 


Feb. 


51.6 


193.7 


245.3 


21.6 


2.4 


98.6 


13.3 


381.3 


Mar. 


49.6 


193.2 


242.8 


23.4 


2.6 


100.0 


13.6 


382.4 


Wednesdays 

Apr. 6 


47.7 (U 


181.9 


229.6 (1) 


26.3 


2.8 


103.1 (1) 


13.5 


375.3 


13 


50.3 (,) 


183.4 


233.7 <l) 


24.4 


2.4 


104. l (n 


13.4 


378.C 


20 


52.5 (U 


197.9 


250.4 (I) 


15.0 


2.6 


104.5 <n 


14.2 


386.( 


27 


54.6 <u 


199.6 


254.2 CI) 


15.7 


3.1 


102.0 (1) 


14.1 


389.1 



(1) Estimates. 



(2) Includes "Other Securities" 



CHARTERED BANKS : CASH IN CANADA* = 1926-38 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




1926 1927 1928 1929 1930 1931 1932 1933 1934 

♦ SEE NOTE (3) ON PACE 55 FOR DEflNITION 



1935 1936 1937 1938 1939 1940 



APRIL 1938 




















1 CANADA 
















Millions of Dollars 


1 

ASSETS 




I 




Reserve 








Securities 






All 
Other 




1 


















fcold 


CM 


Foreign 


Total 


Reserve 


Dom.-Prov. 


Dom.-Prov. 


Total (2) 




Accounts 






Currencies 


Reserve 


Ratio 


Short 


Long 




























Average of 






















Wednesday Figures 


■54.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


179.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12 Mths. 


182.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12 Mths. 


K3.2 


2.3 


18.6 


204.2 


58.37 


51.8 


101.8 


153.6 


— 


6.1 


Mar.— 1937 


190.8 


2.4 


16.1 


209.3 


59.28 


50.5 


101.7 


152.3 


- 


3.8 


Apr. 


188.2 


2.4 


14.1 


204.7 


58.96 


47.7 


101.3 


149.0 


- 


6.5 


May 


■83.5 


2.5 


21.9 


207.9 


60.70 


39.5 


100.2 


143.7 


- 


4.3 


June 


181.0 


2.5 


18.2 


201.7 


60.56 


33.6 


96.2 


139.8 


— 


4.2 


July 


|79.5 


2.5 


23.7 


205.8 


59.83 


40.9 


94.2 


145.6 


- 


5.8 


Aug. 


179.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


- 


4.7 


Sept. 


1:79.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. 


,79.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


- 


6.1 


Nov. 


179.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


179.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan.— 1938 


80.0 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


[80.2 


3.0 


22.3 


205.5 


55.72 


119.3 


41.5 


173.1 


— 


3.8 


Mar. 

Wednesdays 


[80.8 


2.4 


21.1 


204.3 


56.46 


112.2 


41.0 


165.5 


- 


5.5 


Apr. 6 


80.7 


1.6 


21.0 


203.3 


55.76 


116.3 


41.8 


170.4 


- 


4.3 


13 


80.7 


1.6 


21.5 


203.7 


54.69 


118.4 


41.9 


172.6 


4.0 


6.3 


20 


I 80-7 


1.4 


22.5 


204.7 


54.58 


118.4 


41.4 


172.1 


7.0 


5.3 


27 



54 



CHARTERED BANKS : RATIO: PUBLIC DEMAND TO TIME DEPOSITS = 1926-38 



PER CENT 

52% 



48% 



44% 



40% 



36% 



32 % 



PER CENT 

52% 



48% 



44% 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 I93B 1939 1940 



55 





















APRIL 1938 




















II— CHAW 


Millions of Dollars 


















Bank 




LIABILITIES 






Notes 


Deposits 


Cash 

in 

Canada" 1 


Securities 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits' 11 


Foreign 


Total 
Deposits* 21 


DOM.-PROV. 


Oth« 




Short 


Long 


Average of 
Month-end Figures 

1926 


169 


553 


1,341 


53 


1 ,958 


330 


2,333 


197 


344 


18t 


1927 


172 


590 


1,399 


71 


2,079 


349 


2,479 


195 


325 


19€ 


1928 


177 


678 


1,497 


64 


2,254 


372 


2,703 


205 


334 


18S 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


153 


1930 


159 


623 


1,428 


76 


2,141 


390 


2,607 


197 


316 


15( 


1931 


142 


579 


1,438 


73 


2,103 


333 


2,503 


182 


454 


22( 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


20( 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


2id 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


is; 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 


18J1 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


25( 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


301 j 


End of 
























1935— Mar. 


125 


513 


1,447 


47 


2,034 


323 


2,372 


201 


413 


385 


171 


Apr. 


121 


582 


1,452 


52 


2,117 


328 


2,459 


207 


435 


390 


174 


May 


122 


561 


1,446 


56 


2,094 


340 


2,448 


198 


418 


417 


16* 


June 


130 


545 


1,426 


68 


2,082 


341 


2,436 


201 


398 


441 


m 


July 


121 


553 


1,428 


51 


2,063 


338 


2,419 


203 


403 


445 


18S 


Aug. 


130 


554 


1,434 


77 


2,075 


361 


2,481 


223 


384 


470 


18( 


Sept. 


132 


590 


1,444 


97 


2,141 


370 


2,555 


217 


436 


475 


191 


Oct. 


126 


625 


1,465 


60 


2,183 


377 


2,580 


230 


356 


562 


19J 


Nov. 


131 


613 


1,474 


86 


2,206 


383 


2,608 


223 


349 


597 


191 


Dec. 


119 


641 


1,486 


53 


2,208 


379 


2,609 


222 


431 


525 


19( 


1936— Jan. 


117 


576 


1,499 


69 


2,162 


381 


2,573 


213 


453 


541 


2Vc 


Feb. 


124 


534 


1,517 


101 


2,177. 


396 


2,596 


218 


479 


562 


224J 


Mar. 


124 


569 


1,532 


96 


2,234 


414 


2,664 


221 


485 


585 


24{F 


Apr. 


120 


622 


1,536 


71 


2,262 


392 


2,676 


222 


486 


592 


233 


May 


123 


578 


1,527 


88 


2,226 


391 


2,633 


219 


493 


588 


2& 


June 


123 


622 


1,505 


80 


2,244 


389 


2,656 


224 


405 


680 


28' 


July 


119 


619 


1,494 


62 


2,210 


376 


2,606 


222 


409 


679 


27( 


Aug. 


124 


626 


1,503 


46 


2,209 


427 


2,657 


219 


403 


6S0 


271 


Sept. 


116 


648 


1,501 


114 


2,301 


406 


2,727 


221 


394 


713 


271 


Oct. 


118 


664 


1,510 


86 


2,291 


408 


2,723 


227 


462 


635 


26(1 


Nov. 


116 


680 


1,547 


42 


2,300 


415 


2,734 


259 


425 


633 


25 3 J 


Dec. 


109 


682 


1,548 


72 


2,323 


418 


2,773 


235 


409 


647 


26c 1 


1937— Jan. 


109 


644 


1,549 


137 


2,283 


405 


2,788 


241 


470 


639 


30JI 


Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


29<f 


Mar. 


113 


711 


1,584 


75 


2,393 


423 


2,853 


236 


482 


653 


2911 


Apr. 


111 


732 


1,583 


07 


2,420 


418 


2,865 


240 


477 


660 


30; 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


043 


30(1 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


30f 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


3on 


Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


32c 


Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


32(1 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


313 


Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,826 


268 


425 


660 


30(1 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


301) 


1938— Jan. 


98 


640 


1,591 


84 


2,360 


399 


2,783 


251 


447 


690 


29*1 


Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 


30(1 


Mar. 


100 


648 


1,623 


67 


2,379 


399 


2,808 


242 


459 


685 


2&I 


(1) Estimated month-end 
(3) Until March 1935: Gc 


deposits pa 
>ld and Coin 


/able in Can 
in Canada, 


adian currency. 
Dominion Note 


(2) Inclu 
s and "Free" C 


des inter-bank i 
entral Gold Res 


Deposits, 
erve Deposi 


ts; after that da 


te: Bank of 


Canada Notes and Deposits. 


- 

























APRIL 1938 



56 



;d banks 

nada 



Millions of Dollars 



ASSETS 




Loans 


Total 
Assets 




CANADA 


ABROAD 


Total 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


533 
521 
522 
499 


140 

186 
254 
267 


934 

1,024 
1,178 
1,343 


87 

83 

105 

112 


250 
269 
267 
301 


261 
269 
262 
248 


2,864 
3,029 
3,323 
3,528 


472 
674 
696 
841 


227 
170 
117 
102 


1,286 

1,124 

1,032 

907 


1.18 

147 
165 
147 


188 

109 

84 

92 


239 
205 
172 
148 


3,237 
3,066 
2,869 
2,831 


867 
1,044 
1,331 
1,426 


102 
82 
93 

107 


869 
829 
699 
732 


145 
134 
121 
117 


107 

72 
64 
68 


138 
146 
150 
165 


2,838 
2,957 
3,145 
3,317 


970 
1,000 
1,005 
1,018 


81 
81 
82 

85 


819 

823 
824 
831 


146 
157 
147 
124 


94 

77 
71 
67 


138 
144 
148 
156 


2,845 
2,929 
2,915 
2,909 


1,031 
1,041 
1,103 


77 
77 
76 


813 
829 
839 


125 

126 
126 


60 
69 
60 


154 
156 

147 


2,892 
2,963 
3,036 


1,116 
1,137 
1,155 


74 
96 
83 


856 

857 
820 


126 
123 
125 


52 
60 
65 


153 
139 
145 


3,059 
3,092 
3,079 


1,207 
1,265 
1,315 


77 
78 

77 


756 
742 
733 


118 
127 
131 


59 
62 
69 


145 
146 
140 


3,042 
3,073 
3,143 


1,314 
1,345 
1,368 


83 

87 
91 


725 

700 
657 


136 

128 
120 


66 

58 
64 


142 
145 
150 


3,154 
3,108 
3,135 


1,357 
1,355 
1,380 


91 

91 

105 


650 
657 
688 


119 
118 
119 


58 
59 
60 


147 
155 
156 


3,084 
3,141 
3,205 


1,363 
1,316 
1,384 


109 
116 

114 


708 
693 
675 


108 
108 
115 


66 
75 
75 


160 

156 
162 


3,202 
3,207 
3,242 


1,412 
1,422 
1,427 


119 
119 
124 


687 
692 
694 


109 
113 
120 


72 
68 
76 


162 
168 
172 


3,262 
3,329 
3,337 


1,440 
1,438 
1,442 


121 
117 
116 


710 

728 
728 


125 
125 
125 


72 
77 
70 


168 
161 
159 


3,347 
3,334 
3,359 


1,431 
1,446 
1,446 


114 
114 
100 


735 

748 
771 


117 
115 
112 


73 

75 
64 


158 
160 
172 


3,299 
3,326 
3,340 


1,411 
1,391 
1,411 


82 
87 
76 


770 

768 
749 


121 
116 
113 


53 
52 
60 


173 
159 
166 


3,299 
3,293 
3,281 


1,434 
1,440 
1,438 


72 
70 
63 


731 
737 
752 


107 
114 

118 


51 
51 

51 


168 
169 
169 


3,239 
3,245 
3,266 



DAILY AVERAGE DATA 




Cash 

in 

Canada"' 


Canadian 
Deposits' 4 ' 


Ratio of 

Cash to 

Deposits in 

Canada 


Total 

Active 

Note 

Circulation' 5 ' 




192 
187 
193 
191 


1,958 
2,079 
2,254 
2,293 


9.8 
9.0 
8.5 
8.3 


195 

198 
204 
205 


Average of 
Daily Figures 

1926 
1927 
1928 
1929 


176 
169 
172 
189 


2,141 
2,103 
1,955 
1,941 


8.2 
8.1 
8.8 
9.8 


185 
167 

158 
157 


1930 
1931 
1932 
1933 


201 
213 
225 
240 


1,966 
2,108 
2,213 
2,357 


10.2 
10.1 
10.2 
10.2 


163 

169 
182 
200 


1934 
1935 
1936 
1937 


209 
203 
196 
199 


2,021 
2,053 
2,075 
2,095 


10.3 
9.9 
9.5 
9.5 


161 
166 
163 
165 


End of 

Mar. -1935 
Apr. 
May 
June 


208 
218 
220 


2,058 
2,051 

2,077 


10.1 
10.6 
10.6 


166 
169 
175 


July 
Aug. 
Sept. 


220 
230 

222 


2,128 
2,195 
2,164 


10.3 
10.5 
10.3 


184 
182 
184 


Oct. 

Nov. 
Dec. 


217 
217 
219 


2,142 
2,155 
2,186 


10.1 
10.1 
10.0 


165 

167 
171 


Jan.— 1936 

Feb. 

Mar. 


220 
223 
224 


2,213 
2,228 
2,203 


10.0 
10.0 
10.2 


175 
175 
176 


Apr. 
May 
June 


225 

221 
219 


2,188 
2,179 
2,237 


10.3 

10.2 

9.8 


178 
184 
195 


July 
Aug. 
Sept. 


227 
247 
238 


2,267 
2,274 

2,284 


10.0 
10.9 
10.4 


197 
194 
200 


Oct. 

Nov. 
Dec. 


240 
238 
238 


2,302 
2,301 
2,347 


10.4 
10.3 
10.1 


182 
184 
191 


Jan.— 1937 

Feb. 

Mar. 


236 
239 
237 


2,364 
2,383 
2,374 


10.0 
10.0 
10.0 


193 
195 
195 


Apr. 
May 
June 


230 
225 
235 


2,373 
2,373 
2,383 


9.7 
9.5 
9.9 


199 
203 
213 


July 
Aug. 
Sept. 


242 
269 
251 


2,371 
2,361 
2,350 


10.2 
11.4 
10.7 


217 
213 
214 


Oct. 

Nov. 
Dec. 


253 

245 

242 


2,337 
2,325 
2,331 


10.8 
10.5 
10.4 


195 
196 
199 


Jan.— 1938 

Feb. 

Mar. 



) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 19.36 and after. 
) Chartered Bank note circulation and Bank of Canada notes in public circulation. 



57 



APRIL 1938 



Millions of Dollars 



III BANK DEBITS" 

Debits at 32 Clearing House Centres 

Dominion Bureau of Statistics 







Que 


BEC 


Ontario 




Prairie 
Provinces 






Canada 






Maritime 
Provinces 
















Britisli 
Columbia 
























Montreal 










Montreal 


Other 


Toronto 


Ottawa 


Other 


Winnipeg 


Other 




Ottawa 
Toronto 
Winnipeg 


Other 


Total 


Average of Months 


























1926 


50 


761 


65 


684 


156 


160 


323 


168 


163 


1,924 


606 


2,530 


1929 


66 


1,296 


77 


1,143 


167 


236 


399 


261 


244 


3,005 


884 


3,889 


1932 


43 


595 


53 


672 


132 


134 


262 


138 


125 


1,661 


493 


2,154 


1933 


40 


662 


52 


852 


112 


122 


400 


135 


124 


2,025 


473 


2,498 


1934 


45 


736 


51 


949 


160 


135 


390 


138 


135 


2,235 


504 


2,739 


1935 


48 


692 


56 


887 


120 


149 


386 


151 


140 


2,085 


544 


2,629 


1936 


53 


846 


66 


1,014 


123 


178 


388 


154 


173 


2,371 


623 


2,994 


1937 


61 


883 


81 


1,019 


112 


197 


249 


153 


175 


2,263 


667 


2,931 


Monthly Totals 


























1936— Oct. 


56 


921 


110 


1,023 


133 


186 


525 


200 


175 


2,601 


727 


3,328 


Nov. 


63 


987 


101 


1,155 


168 


181 


306 


167 


175 


2,616 


687 


3,303 


Dec. 


57 


989 


70 


1,300 


134 


207 


286 


166 


196 


2,709 


696 


3,405 


1937— Jan. 


66 


980 


52 


1,272 


116 


188 


224 


151 


178 


2,592 


635 


3,227 


Feb. 


45 


826 


56 


1,060 


83 


170 


184 


129 


178 


2,153 


579 


2,732 


Mar. 


78 


1,063 


81 


1,130 


96 


185 


226 


144 


187 


2,515 


675 


3,190 


1937— Oct. 


57 


873 


77 


911 


111 


215 


316 


177 


169 


2,211 


694 


2,906 


Nov. 


59 


817 


106 


995 


133 


214 


272 


163 


167 


2,217 


709 


2,926 


Dec. 


71 


927 


115 


1,045 


169 


224 


197 


156 


177 


2,338 


743 


3,081 


1938— Jan. 


53 


708 


63 


844 


98 


197 


173 


152 


157 


1,824 


621 


2,445 


Feb. 


45 


624 


56 


827 


87 


166 


121 


112 


138 


1,659 


517 


2,176 


Mar. 


50 


690 


87 


843 


102 


173 


142 


130 


154 


1,777 


594 


2,371 



(1) Total reported Bank Debits have been affected by the establishment of the Bank of Canada, chiefly because of a reduction in the Ottawa debits. 



MILLIONS OF DOLLARS 



4000 



BANK DEBITS 

RATIO SCALE 



MILLIONS OF DOLLARS 




APRIL 1938 



58 



Millions of dollars 



IV— SAVINGS INSTITUTIONS 

DEPOSITS 













CALENDAR year- 


ENDS (1) 












1926 


1927 


1928 


1929 


1930 


1931 


1932 


1933 


1934 


1935 


1936 


Dominion 

Postal Savings 


40.4 (2> 


38.7 (2) 


28.4 


26.1 


24.8 


23.9 


23.9 


23.2 


22.5 


22.0 


21.9 


Prov. Institutions 

Ontario Savings Office 
Manitoba Savings Office 
Alta.Sav'gs Certificates' 3 ' 


18.4 
15.3 
10.1 


18.8 
15.6 

11.8 


19.8 
15.4 
11.6 


22.8 
15.0 
11.8 


23.3 
14.7 
11.0 


26.9 

12.4 

9.2 


23.7 

* 
7.6 


21.5 
* 
5.7 


21.4 
* 
5.6 


32.0 

* 

4.8 


37.7 
* 
4.5 


Savings Banks 

Montreal City & District 
La Caisse d'Economie 


56.2 
13.0 


57.7 
13.6 


58.2 
12.7 


55.1 
12.5 


55.4 
12.7 


55.7 
12.5 


54.3 
13.2 


52.9 
12.9 


52.7 
13.0 


54.6 
13.0 


57.8 
13.6 


Caisses Populaires 


6.3 


7.9 


8.1 


8.1 


7.8 


7.4 


6.2 


5.6 


6.1 


6.9 


7.7 


Loan Companies 


32.3 


37.6 


40.0 


37.7 


39.7 


38.4 


36.9 


31.8 


32.6 


33.5 


33.4 


Trust Companies™ 


17.2 


22.2 


27.9 


31.4 


35.5 


38.4 


41.1 


44.7 


45.1 


47.1 


49.2 


Total 


209.2 


223.9 


222.1 


220.5 


224.9 


224.8 


206.9 


198.3 


199.0 


213.9 


225.8 



Number 








BRANCHES 
























calendar year- 


ENDS (1 > 












1926 


1927 


1928 


1929 


1930 


1931 


1932 


1933 


1934 


1935 


1936 


Dominion 
Postal Savings 


1,371 <2) 


1,358 (2> 


1,348 


1,343 


1,347 


1,331 


1,319 


1,299 


1,272 


1,282 


1,287 


Prov. Institutions 

Ontario Savings Office 
Manitoba Savings Office 
Alta.Sav'gsCertificates (3) 


15 
5 
1 


15 
5 
1 


16 
5 
1 


17 

7 
1 


17 

7 
1 


17 

7 
1 


17 
* 
1 


18 
* 
1 


18 
* 
1 


24 
* 
1 


25 
* 
1 


Savings Banks 

Montreal City & District 
La Caisse d'Economie 


17 
13 


18 
13 


19 
13 


20 
13 


22 
13 


22 
13 


22 
14 


24 
14 


24 
14 


24 
14 


24 
14 


Caisses Populaires 


154 


159 


168 


178 


179 


174 


168 


162 


184 


202 


234 


Loan Companies"' 


25 


22 


21 


19 


18 


19 


19 


18 


17 


16 


15 


Trust Companies"' 


11 


12 


14 


16 


17 


18 


19 


20 


18 


17 


18 


Total 


1,612 


1,603 


1,605 


1,614 


1,621 


1,602 


1,579 


1,556 


1,548 


1,580 


1,618 



(1) Figures are for respective fiscal year-ends of institutions and are shown under nearest calendar year-ends. 

(2) Includes Dominion Government Savings Bank figures. 

(3) Demand deposits only. 

(4) Only companies incorporated in Ontario; not available for other companies whose deposits would be a relatively small amount. 

(5) Figures given are for the number of companies only; number of branches accepting deposits is not available. 
* Transfered to chartered banks in 1932. 



59 



APRIL 1938 



V— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4K% due 


Nov. 1, 


3% due. 


une 1, 


5% due Oct. 15, 


2Y 2 % due 


June 1, 


lK%due 


Tune 1, 


Average of 
Working Days 


1948-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


(l) 

100.75 


(1) 

1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— Mar. 


108.12 


3.64 


95.90 


3.32 


110.91 


3.15 


100.85 


2.35 


99.87 


1.54 


Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


100.01 


1.50 


May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


100.16 


1.45 


June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


100.35 


1.38 


July 


109.99 


3.43 


96.61 


3.25 


112.25 


2.85 


101.56 


2.22 


100.38 


1.36 


Aug. 


110.54 


3.37 


97.19 


3.21 


112.35 


2.80 


101.62 


2.20 


100.45 


1.33 


Sept. 


110.44 


3.37 


96.99 


3.22 


111.97 


2.84 


101.29 


2.26 


100.05 


1.48 


Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. 


111.42 


3.23 


98.17 


3.14 


113.38 


2.46 


102.12 


2.07 


100.68 


1.20 


Mar. 


111.85 


3.18 


98.55 


3.11 


113.84 


2.35 


102.50 


1.99 


100.84 


1.11 


Apr. ' 


112.02 


3.15 


99.38 


3.05 


113.85 


2.33 


102.57 


1.97 


101.02 


1.02 



(1) Average July 1 — Dec. 31. 



(2) Average Apr. 1-2S. 



YIELDS OF DOMINION GOVERNMENT BONDS = 1937-38 

PAYABLE IN CANADA ONLY 



05% 



10% 



15% 



20% 



25% 



30% 



35% 



40% 



— 05% 



10% 



1-5% 







APRIL 1938 



60 



V— SECURITY PRICES 

Bank of Canada 



Government Bonds Payable Elsewhere Than in Canada 
Middle Prices and Yields 





Dominion 


of Canada 




U.S. Treasury 


United Kingdom 


Dominion Guaranteed C.N.R. 




3M%due 


Jan. 15, 


3H% due 


May 1, 


2^%dueMar.l5, 


3^% due Dec. 1, 


4^% duf 


: Feb. 1, 


4^% due 


July 1, 


Average of 
Working Days 


1956-61 


1950-55 


1955-60 


1952 and after 


1956 


1957 




Payable in 
New York only 


Payable in 
London only 


Domestic 


Domestic 


Payable in Canada, 
New York or London 


Payable in 
Canada or New York 




Price 


Yield 


Price 


Yield W 


Price 


Yield™ 


Price 


Yield™ 


Price 


Yield 


d • (3) 
Price 


Yield 


1936 


101.51 


3.15 


102.43 


3.03 


102.25 


2.72 


106.02 


3.03 


114.96 


3.44 


113.29 


3.59 


1937 


99.52 


3.28 


99.88 


3.25 


101.56 


2.76 


101.18 


3.40 


113.18 


3.53 


112.48 


3.62 


1937— Mar. 


98.70 


3.33 


99.54 


3.28 


103.16 


2.65 


101.30 


3.39 


111.27 


3.67 


110.84 


3.73 


Apr. 


97.97 


3.38 


100.41 


3.21 


100.20 


2.86 


101.80 


3.35 


110.89 


3.69 


110.34 


3.76 


May 


99.06 


3.31 


100.55 


3.20 


100.61 


2.83 


102.01 


3.33 


112.37 


3.59 


111.37 


3.69 


June 


99.41 


3.29 


99.04 


3.32 


100.45 


2.84 


100.61 


3.45 


113.51 


3.51 


112.47 


3.62 


July, 


99.46 


3.28 


98.68 


3.35 


100.98 


2.80 


99.59 


3.51 


113.52 


3.50 


112.52 


3.62 


Aug. 


99.92 


3.26 


98.98 


3.33 


100.91 


2.81 


99.50 


3.52 


114.29 


3.45 


113.10 


3.57 


Sept. 


99.22 


3.30 


99.17 


3.31 


100.30 


2.85 


99.41 


3.52 


113.38 


3.51 


112.78 


3.59 


Oct. 


98.69 


3.33 


100.16 


3.24 


100.37 


2.85 


100.23 


3.48 


112.90 


3.54 


112.36 


3.62 


Nov. 


99.17 


3.30 


100.23 


3.23 


100.91 


2.81 


101.43 


3.38 


113.41 


3.50 


112.88 


3.58 


Dec. 


100.07 


3.25 


99.96 


3.25 


101.68 


2.75 


101.39 


3.38 


114.15 


3.44 


113.70 


3.52 


1938— Jan. 


100.82 


3.19 


99.97 


3.25 


102.21 


2.71 


101.94 


3.33 


114.42 


3.42 


113.96 


3.50 


Feb. 


101.56 


3.14 


100.19 


3.23 


102.36 


2.70 


102.50 


3.29 


115.16 


3.37 


114.43 


3.47 


Mar. 


101.62 


3.13 


99.19 


3.31 


102.50 


2.69 


100.87 


3.42 


115.22 


3.36 


114.40 


3.47 


Apr. (4) 


100.70 


3.20 


99.76 


3.27 


102.44 


2.69 


101.38 


3.38 


115.09 


3.37 


114.29 


3.48 



(1) These issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) Exempt from "normal" Federal Income and certain State taxes. (3) As quoted in Toronto. (4) Average Apr. 1-25 



DOMINION OF CANADA 3 MONTHS TREASURY BILLS 1936-38 



YIELD PER CENT 



PAYABLE IN CANADA ONLY 



MILLIONS OF DOLLARS 




61 



APRIL 1938 



Millions of Dollars 






VI-] 


BOND ISSUES AND RETIREMENTS" 

Bank of Canada 












I-Dominion (2) Direct & Guaranteed and Other C.N.R. <3) 




II-Provincial< 2) Direct & Guaranteed'" 




Sales 


Deliveries 


Retirements 


Net De- 
liveries 


Sales 


Deliveries 


Retirements 


Net De- 
liveries 




New 


Refunding 


New 


Refunding 


Refunded 


Other"' 1 


or Retire 
merits 


New 


Refunding 


New 


Refunding 


Refunded 


Otker<-* } 


or Retire- 
ments 


Annual Total 

1936 
1937 

First Quarter 

1936 
1937 
1938 


129.4 
49.8 

82.6 
35.5 
50.0 


273.3 

298.5 

85.4 
85.0 

48.7 


129.4 
49.8 

82.6 
35.5 
50.0 


273.3 
298.5 

85.4 
85.0 


273.3 
298.5 

85.4 
85.0 


43.8 
38.2 

1.8 

6.4 

.8 


85.6 
11.6 

80.8 
29.1 
49.2 


83.3 
90.6 

16.2 
15.6 
16.8 


39.1 
80.2 

.7 
33.2 
22.6 


81.3 
92.7 

16.2 

16.2 
16.8 


36.0 
83.3 

.7 
18.6 
22.6 


16.0 
98.4 

.7 
38.6 
23.5 


60.7 
25.0 

17.2 
6.2 
3.3 


40.6 
52.6 

1.0 
10.0 
12.7 





III-CORPORATIONS 




Sales 


Deliveries 


Retirements 


Net De- 
liveries 

oiRetire- 
merits 




New 


Refunding 


New 


Refunding 


Refunded 


Other w 


Annual Total 

1936 
1937 

First Quarter 

1936 
1937 
1938 


91.6 <6) 
58.1 

72.8 (6) 
27.8 
1.1 


185.1 
62.0 

59.1 
33.5 
10.6 


89.6 (6) 
60.2 

32.0 <6) 
29.4 
1.0 


176.6 
70.5 

35.7 

27.9 

9.9 


161.9 
85.2 

18.1 

39.6 

9.9 


48.0 

55.5 

10.3 

11.3 

7.6 


56.2 

10.0 

39.3 
6.3 

6.6 



I+II+III 



Net Deliveries 

or 
Retirements 



182.4 
54.2 

119.1 
25.4 
55.3 



Muncipalities and 


Religious Institutions 


Sales (5) 


New 


Refunding 


25.1 


22.9 


27.1 


35.4 


9.1 


13.9 


11.1 


28.3 


8.9 


3.4 



(1) Subject to revision. 

(2) Treasury Bills are 
here excluded; the 
amount of Dominion 
Treasury Bills out- 
standing is shown on 
the chart on page 60. 

(3) C. N. R. bonds 
guaranteed by prov- 
inces are included 
under the heading 
"Other C.N.R." 

(4) Includes retire- 
ments through sinking 
fund purchases. In 
some cases available 
data did not permit 
more than arbitrary 
approximations for 
separate portions of 
the fiscal year. 

new and refunding. In 



(5) It has been impossible to classify issues of municipalities and religious institutions totalling $4.1 mm. in 1936 and $2.5 mm. in 1937 between 
each quarter such issues have been arbitrarily allocated in the same proportions as the known issues in the quarter. 

(6) Includes $48 mm. of C.P.R. bonds issued to refund Dominion guaranteed bank loans. $12 mm. was delivered in the first quarter and $36 mm. in the second 
quarter of 1936. 



NET DELIVERIES (+) OR RETIREMENTS C-) OF BONDS : 1936-38 



MILLIONS OF DOLLARS 



QUARTERLY 



MILLIONS OF DOLLARS 



60 



60 



jL 



CORPORATIONS 



60 



60 




APRIL 1938 



62 



VII INTERNATIONAL TOURIST TRADE 

Dominion Bureau of Statistics and Department of Mines and Resources 





FOREIGN AUTOMOBILES ENTERING 
CANADA FOR TOURING PURPOSES 


Total 

Canadian 

Automobiles 

leaving 

Canada for 

Touring 

Purposes 


TOURISTS ENTERINC 


CANADA 


Estimated 
Expendi- 
tures by 
Foreign 
Tourists 

in Canada 


Estimated 
Expendi- 
tures by 

Canadian 
Tourists 
in other 

Countries 


Balance 
of 




Via 
Ocean 
Ports 


Via 

U.S. A. 

Boundary 


Total 


Payments 




On 24 Hour 
Permits 


On 60 Day 
Permits 


On 6 Month 
Permits 


Total 


on 
Tourist 
Account 




Thousands of Automobiles 


Thousands of Tourists 


Millions of Dollars 


1926 


1,522 


551 


4.2 


2,076 


346 


9 


9,010 


9,019 


201 


99 


102 


1927 


2,410 


740 


3.3 


3,154 


496 


10 


12,140 


12,150 


238 


109 


130 


1928 


2,699 


946 


1.2 


3,645 


520 


10 


15,449 


15,459 


275 


108 


168 


1929 


3,417 


1,091 


1.2 


4,509 


620 


10 


18,847 


18,857 


309 


122 


188 


1930 


4,110 


1,297 


2.3 


5,409 


595 


9 


21,063 


21,072 


279 


100 


179 


1931 


3,439 


1,470 


.7 


4,910 


537 


10 


19,342 


19,352 


251 


76 


174 


1932 


3,070 


1,033 


.4 


4,104 


377 


8 


14,998 


15,006 


212 


57 


155 


1933 


2,233 


863 


.3 


3,097 


417 


7 


12,883 


12,891 


117 


51 


66 


1934 


2,374 


888 


.3 


3,262 


514 


9 


13,215 


13,224 


146 


64 


82 


1935 


2,633* 


971 


1.1 


3,605 


659 


9 


14,760 


14,769 


215 


92 


123 


1936 


2,880* 


1,193 


1.3 


4,075 


690 


10 


16,398 


16,407 


249 


107 


142 


1937 


3,127* 


1,383 


1.4 


4,512 


756 


12 


18,248 


18,260 


295 


123 


172 



♦On 48 hour permits. 



MILLIONS OF DOLLARS 



INTERNATIONAL TOURIST EXPENDITURES : 1925-37 



MILLIONS OF DOLLARS 




1925 1926 



1927 



1928 



1929 



1930 



1931 



1932 



1933 



1934 



1935 



1936 1937 



63 



APRIL 1938 



VIII— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 

Volume of 

Business 

Index 

Seasonally 
adjusted 

1926 = 100 


PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Employ- 




Gold 


Copper 


Steel 


Auto- 
mobiles 
& Trucks 


News- 
print 


Central 
Electric 
Stations 


ment 
Index"' 

Seasonally 
adjusted 

1926 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


Annual TotalsU) 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,022 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 


182 


758 


117 


2,605 


21,197 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


942 


173 


2,765 


23,283 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,116 


162 


3,225 


25,394 


163 


2,494 


104.0 


1937 


122.8 


4,091 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1936-Nov. 


118.0 


320.8 


18.5 


98.5 


10.8 


285.8 


2,202 


13.8 


219.9 


107.5 


Dec. 


118.4 


331.8 


21.8 


104.0 


20.2 


289.3 


2,326 


6.1 


205.7 


107.8 


1937-Jan. 


116.9 


328.5 


18.6 


115.2 


19.6 


287.7 


2,318 


6.6 


192.5 


108.1 


Feb. 


115.0 


310.1 


19.2 


111.8 


19.7 


275.5 


2,147 


8.7 


186.2 


107.1 


Mar. 


118.7 


326.3 


20.9 


125.1 


24.9 


301.1 


2,412 


16.1 


214.4 


109.1 


1937-Nov. 


127.9 


352.8 


25.4 


110.7 


16.6 


302.2 


2,415 


14.7 


235.1 


118.8 


Dec. 


121.4 


361.7 


24.6 


98.3 


20.7 


293.0 


2,458 


10.8 


204.2 


117.8 


1938-Jan. 


111.8 (3) 


361.1 


26.2 


112.4 


17.6 


222.5 


2,279 


9.1 


187.4 


114.7 


Feb. 


106.7 C3) 


340.8 


23.4 


99.0 


16.1 


202.6 


2,058 


6.6 


179.7 


112.3 


Mar. 


108.8 (4) 






118.7 


16.8 


224.6 


2,258 


10.4 


199.5 


111.2 



(1) As at end of month. (2) Average of months in case of Physical Volume of Business and Employment Indexes. (3) Revised. (4) Preliminary. 



CARL0ADINGS 



THOUSANDS OF CARS 



MONTHLY AVERAGE OF WEEKLY FIGURES 
RATIO SCALE 



THOUSANDS OF CARS 



16 
















MERCHANDISE L C L 






14 








•"S- 


jj 




12 


r 


•^v^ 


i ^ 


— 1937 | 




V J9 


38 


f 
f 


\ 


10 
9 
8 
7 

6 
5 






f 

f 


\ 

\ 
\ 


WHf 


:at & LIVESTOC 


1 

f 

f 


\ 

\ 

\ 






■ 
f 
f 








I 

I 

f 
1 






A 


f 
I 
1 
I 




\V' 


V 


|^—I93 

1 
/ 

/ 


7_ 1 


> 


Y 


*-H9 


38 


> 


/ 

f 











D J F MAM 

* SHIPPED IN LESS THAN CARLOAD LOTS 




APRIL 1938 



64 



IX 



CANADA 

Dominion Bureau of Statistics 



WHOLESALE PRICE INDEXES 

1926 = 100 

U.K. 

Board of Trade w 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.0 


84.2 


81.1 


80.4 


84.5 


Monthly 












1937-Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Jan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 


Mar. 


83.0 


79.7 


81.2 


82.0 


83.1 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


82.4 


86.6 


83.4 


88.0 


83.3 


89.3 


83.1 


89.3 


84.2 


90.0 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 


82.4 


84.0 



U.S.A. 

Bureau of Labour 



Farm 
Products 


Raw 

Materials 


Foods 


Manu- 
factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 


70.3 


73.2 


73.5 


83.4 


79.7 



(1) Adjusted to 1926 = 100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. 

(2) Bureau of Labour Index of Prices of Finished Products. 



WHOLESALE PRICES = FOREST PRODUCTS 



DOLLARS 



RATIO SCALE 



90 
80 
70 

60 

50 

40 

30 
25 

20 
15 



10 





ANNUAL AVERAGE 












■■***— 


*^ IBLE 


PULP 


.) 




ACHED SULPHIT 
SHORT TON 






"«W 




J 








V 






=^N 








NEWSPRINT — J 






















J 






w- 


LUMBER 

IR FLOORING) 
M- BD. FT. 


/ 






^ 


/ 


, 




JJ 















1926 27 28 29 30 

F.O.B. MILLS CONVERTED INTO CANJ 



31 32 33 34 

AN ruNDS WHERE NECESSARY. 



36 37 




65 



APRIL 1938 



X— EXTERNAL TRADE: VOLUME OF IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Sugar 


Tea 


Coffee 


Raw 
Cotton 


Raw 

Wool 


Petroleum 
Oils 


Crude 
Rubber 


Coal 


Tin 
Plate 


Structural 
Iron 
and 
Steel 


Index*" 

Volume 

of 

Total 




Pounds 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Gallons 
Millions 


Pounds 
Millions 


Short tons 
Millions 


Short tons 
Thousands 


Short tons 
Thousands 


Imports 

1926 = 100 


Calendar Year Totals 

1926 


1,161 


38 


25 


135 


15 


766 


45 


17 


75 


203 


100 


1929 


951 


39 


29 


136 


12 


1,359 


80 


18 


82 


381 


137 


1932 


868 


40 


31 


97 


9 


1,115 


47 


12 


40 


31 


64 


1933 


790 


39 


34 


120 


14 


1,119 


43 


11 


81 


19 


55 


1934 


860 


39 


35 


144 


15 


1,206 


64 


13 


85 


32 


67 


1935 


901 


35 


35 


121 


15 


1,293 


60 


12 


81 


43 


70 


1936 


1,041 


40 


41 


150 


23 


1,378 


62 


13 


94 


53 


77 C2, 


1937 


930 


40 


38 


158 


24 


1,503 


81 


15 


117 


76 


89 


12 Months Ending 

Feb. 1938 


934 


39 


39 


154 


22 


1,485 


80 


15 


115 


75 


88 


Monthly Totals 

1936— Sept. 


109.0 


2.9 


3.0 


9.3 


1.1 


151.8 


5.4 


1.1 


6.1 


5.7 


78 


Oct. 


119.8 


3.9 


2.6 


16.5 


1.2 


172.5 


7.0 


1.4 


7.6 


6.2 


96 


Nov. 


122.4 


3.4 


4.7 


21.1 


1.5 


159.0 


9.6 


1.2 


11.5 


4.8 


97 


Dec. 


67.3 


3.6 


2.6 


20.8 


1.5 


70.1 


2.7 


1.3 


4.1 


3.4 


76 


1937— Jan. 


25.8 


3.4 


3.3 


15.2 


1.7 


67.0 


3.7 


1.0 


5.5 


4.2 


71 


Feb. 


26.7 


2.7 


3.2 


12.1 


2.7 


57.5 


2.8 


.9 


4.5 


2.7 


67 


1937— Sept. 


127.7 


3.2 


2.7 


4.6 


.9 


171.7 


5.4 


1.4 


8.5 


7.2 


91 


Oct. 


133.2 


4.1 


2.4 


19.1 


1.5 


73.9 


13.4 


1.5 


11.2 


6.7 


108 


Nov. 


104.9 


4.0 


4.6 


23.2 


.9 


175.6 


10.7 


1.6 


13.3 


5.0 


110 


Dec. 


54.0 


2.9 


2.4 


13.7 


.3 


67.4 


5.9 


1.2 


7.2 


3.3 


74 


1938— Jan. 


32.4 


2.8 


4.4 


11.9 


.9 


55.7 


4.0 


1.0 


2.7 


3.4 


69 


Feb. 


24.1 


2.4 


2.8 


10.9 


1.3 


50.3 


1.4 


1.0 


5.3 


2.9 


66 



(1) Index of Total Import Values divided by D.B.S. Import Price Index. (2) Revised. 



IMPORTS OF STRUCTURAL IRON & STEEL AND TIN PLATE = 1926-38 



THOUSANDS OF SHORT TONS 




1926 1927 1928 1929 

(l) RUNNIMG 12 MONTH TOTALS >N 1937- 36 



APRIL 1938 



66 



X— EXTERNAL TRADE: VOLUME OF EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Wheat 




Bacon 




Newsprint 

and 

Wood 

Pulp 








Auto- 
mobiles 

and 
Trucks 


Non- 


Index") 




and 
Flour 


Fish 


and 
Hams 


Cheese 


Lumber 


Nickel 


Copper 


Monetary 
Gold 


Volume 

of 

Can. 




Bushels 


Pounds 


Pounds 


Pounds 


Short tons 


Board Feet 


Short tons 


Short tons 




Fine ounce 


Exports 




Millions 


Millions 


Millions 


Millions 


Thousands 


Millions 


Thous'ds 


Thous'ds 


Thousands 


Thousands 


1926 = 100 


Calendar Year Totals 
























1926 


297 


435 


93 


135 


2,738 


2,132 


32 


59 


74 


677 


100 


1929 


254 


417 


29 


93 


3,346 


1,755 


55 


124 


102 


1,742 


101 


1932 


251 


258 


36 


87 


2,229 


674 


16 


133 


13 


2,602 


79 


1933 


217 


303 


73 


74 


2,447 


1,018 


44 


124 


20 


2,771 


86 


1934 


191 


288 


120 


61 


3,020 


1,368 


59 


156 


43 


3,143 


98 


1935 


188 


323 


125 


56 


3,237 


1,337 


71 


199 


64 


3,343 


106 


1936 


265 


321 


158 


82 


3,748 


1,750 


87 


206 


56 


3,771 


126 (2) 


1937 


114 


324 


196 


89 


4,326 


1,858 


111 


219 


66 


4,165 


111 


12 Months Ending 
























Feb. 1938 


108.9 


309 


197 


88 


4,100 


1,807 


115 


228 


68 


4,204 


109 


Monthly Totals 
























1936— Sept. 


22.4 


34.4 


11.3 


9.9 


349.5 


160.6 


8.0 


16.9 


3.5 


295 


126 


Oct. 


29.0 


33.1 


14.1 


15.8 


348.1 


185.3 


6.6 


21.8 


2.9 


382 


148 


Nov. 


35.1 


46.0 


15.9 


15.1 


361.0 


173.4 


7.5 


18.9 


5.1 


388 


158 


Dec. 


22.6 


36.1 


18.0 


6.2 


345.8 


184.1 


8.0 


17.2 


3.9 


329 


130 


1937— Jan. 


11.2 


41.8 


17.1 


.6 


336.5 


156.9 


7.5 


13.9 


5.3 


291 


104 


Feb. 


6.9 


32.7 


16.9 


.7 


279.9 


120.9 


8.0 


13.3 


4.4 


309 


88 


1937— Sept. 


7.3 


30.0 


10.6 


14.8 


380.4 


223.5 


9.4 


18.5 


4.0 


334 


110 


Oct. 


11.6 


27.9 


12.2 


15.6 


396.5 


149.5 


8.5 


19.4 


4.1 


326 


122 


Nov. 


16.4 


36.8 


16.5 


14.8 


379.7 


148.1 


10.7 


25.2 


3.0 


346 


136 


Dec. 


8.2 


32.1 


16.0 


2.8 


373.1 


133.3 


7.5 


17.7 


3.6 


470 


109 


1938— Jan. 


8.5 


36.0 


19.8 


.4 


207.2 


108.9 


9.8 


20.0 


4.9 


316 


93 


Feb. 


4.1 


22.9 


15.1 


.4 


183.8 


117.7 


9.7 


16.5 


7.3 


320 


82 



(1) Index of Canadian Export Values divided by D.B.S. Export Price Index. 



(2) Revised. 



AUTOMOBILES AND TRUCKS PRODUCTION. EXPORTS AND IMPORTS ^ 1926-38 

THOUSANDS OF UNITS THOUSANDS OF UNITS 




1926 1927 1928 1929 

(I) RUNNING 12 MONTH TOTALS IN I037-3S 



1931 



1932 



1933 



1934 



1935 



1936 



1937 



1936 



67 





































APRIL 


1938 






XI— PRODUCTION Rl 






Compiled from Dominion Bureau of Statistics reports on the Lu i) 




l'KIM \I(Y PRODUCTS 1 " 


SAW- MILLING 


PULP AND PAPER 


Total 
Timber 


PRIMAF I 


( lalendar 


EIRE WOOD | OTHER \ TOTAL 


LUMBER 


SHINGLES 


LATH 


PULP(4) PAPER 


FIRE WOOD 




Millions of cubic /r'</ (2) 


Mm. bd. ft. 


M. Squares 


Mm. 


Mm. short tons 


Mm. cu. fl. m 




1921 


* 


* 


* 


2,869 


2,987 


804 


546 


1,019 


* 


37.5 


1922 


842 


449 


1.291 


3,139 


2,507 


1,031 


827 


1,367 


2,378 


38.2 


1923 


853 


538 


1,391 


3,728 


2,719 


1,154 


932 


1,589 


2,671 


38.7 


1924 


866 


547 


1,413 


3,879 


3,130 


1,166 


789 


1,719 


2,809 


39.3 


1925 


870 


609 


1,479 


3,889 


3,156 


1,293 


925 


1,885 


2,839 


39.5 


1926 


882 


492 


1,374 


4,185 


3,299 


1,378 


850 


2,266 


2,838 


40.0 


1927 


894 


526 


1,420 


4,098 


2,837 


1,323 


679 


2,469 


2,880 


40.6 


1928 


906 


487 


1,393 


4,337 


2,866 


1,138 


799 


2,849 


2,988 


41.2 


1929 


920 


422 


1,342 


4,742 


2,707 


836 


847 


3,197 


3,091 


41.8 


1930 


964 


595 


1,559 


3,989 


1,915 


398 


722 


2,927 


3,057 


43.8 


1931 


974 


245 


1,219 


2,498 


1,453 


228 


602 


2,611 


2,306 


44.2 


1932 


804 


201 


1,005 


1,810 


1,802 


208 


428 


2,291 


1,882 


30.6 


1933 


818 


236 


1,054 


1,958 


1,940 


152 


612 


2,419 


2,028 


31.1 


1934 


827 


275 


1,102 


2,578 


2,405 


178 


628 


3,070 


2,300 


31.5 


1935 


835 


265 


1,100 


2,973 


3.258 


227 


655 


3,281 


2,441 


31.9 


1936 








3,412 


3,019 


286 


739 


3,807 








QUEBEC 






LUMBER 


pulpW 


PAPER 


TOTAL 
TIMBER 


Primary 
ProductsU) 


SAW-MILLING (3) 


PULP AND PAPER 


Total 
Value( i 


Calendar 
Years 


LUMBER 


other Total 


PULP(4) | PAPER | Total 


Mm. bd. ft. 


M. short tons 


Mm cu.ft. m 


Millions of dollars | 


1921 


649 


375 


413 


* 


* 


19.7 


2.0 


21.7 


19.7 


65.7 


46.0 


* 


1922 


649 


513 


588 


* 


* 


17.5 


2.4 


19.9 


23.6 


45.9 


96.5 


* 


1923 


623 


538 


714 


* 


* 


17.8 


2.5 


20.3 


26.4 


59.5 


85.9 


* 


1924 


597 


364 


806 


* 


* 


17.0 


2.2 


19.2 


16.6 


62.5 


79.1 


* 


1925 


554 


425 


940 


* 


* 


14.7 


1.8 


16.5 


19.2 


70.4 


89.6 


* 


1926 


581 


432 


1,177 


845 


23.7 


15.3 


1.8 


17.1 


19.4 


81.9 


101.3 


142.0 


1927 


542 


335 


1,344 


856 


24.1 


14.6 


2.8 


17.4 


17.1 


91.9 


109.1 


150.6 


1928 


581 


376 


1,629 


877 


21.9 


15.6 


1.9 


17.5 


18.2 


104.9 


123.1 


162.4 


1929 


626 


368 


1,781 


811 


18.5 


16.5 


1.6 


18.1 


17.9 


107.5 


125.4 


162.0 


1930 


684 


274 


1,526 


1,001 


32.2 


17.2 


2.9 


20.1 


14.8 


90.7 


105.5 


157.8 


1931 


400 


232 


1,275 


646 


16.4 


8.8 


2.1 


10.9 


11.1 


71.4 


82.5 


109.9 


1932 


359 


173 


1.057 


706 


13.8 


5.9 


1.3 


7.2 


7.5 


53.8 


61.3 


82.3 


1933 


275 


205 


1,138 


717 


18.2 


4.1 


1.2 


5.3 


8.3 


45.6 


53.9 


77.4 


1934 


296 


232 


1,570 


810 


19.1 


4.9 


2.0 


6.9 


9.8 


61.8 


71.6 


97.6 


1935 


454 


249 


1,658 


850 


19.3 


7.4 


2.4 


9.8 


10.8 


64.8 


75.6 


104.7 


1936 


468 


253 


1,961 






8.9 






11.6 


73.9 


85.5 






BRITISH COLUP 


ABIA 




LUMBER 


PULP< 41 


PAPER 


TOTAL 
TIMBER 


Primary 
ProductsU) 


SAW-MILLING (3) 


PULP AND PAPER 


Total 
Value( 


Calendar 
Years 


LUMBER 


SHINGLES | Total 


PULP(4) | PAPER Total 


Mm. bd. ft. 


M. short tons 


Mm.cu.fl. m 


Millions of dollars 


1921 


996 


41 


98 


* 


* 


24.9 


8.5 


38.0 


3.7 


8.4 


12.1 


* 


1922 


1,158 


57 


131 


* 


* 


27.6 


8.1 


39.4 


3.3 


9.5 


12.8 


* 


1923 


1,578 


53 


155 


* 


* 


41.7 


7.5 


53.2 


3.4 


11.5 


14.9 


* 


1924 


1,594 


59 


150 


* 


* 


37.3 


8.6 


53.2 


3.4 


11.0 


14.4 


* 


1925 


1,725 


67 


162 


* 


* 


39.0 


9.8 


53.8 


4.0 


11.3 


15.3 


* 


1926 


2,103 


67 


19.4 


714 


11.3 


44.3 


9.2 


58.6 


3.9 


_ 12.7 


16.6 


86.5 


1927 


2,177 


62 


268 


738 


12.4 


44.7 


7.3 


56.0 


3.4 


17.0 


20.4 


88.8 


1928 


2,291 


59 


254 


795 


13.1 


47.4 


8.9 


62.5 


3.2 


14.9 


18.1 


93.7 


1929 


2,461 


66 


230 


839 


15.4 


51.2 


7.9 


64.6 


3.3 


13.2 


16.6 


96.6 


1930 


1,929 


66 


253 


697 


12.4 


35.4 


4.2 


42.9 


2.9 


14.1 


17.0 


72.3 


1931 


1,343 


53 


244 


480 


6.0 


20.7 


2.6 


25.0 


2.2 


12.2 


14.4 


45.3 


1932 


934 


21 


228 


347 


3.7 


11.9 


3.0 


16.4 


1.1 


9.6 


10.8 


30.8 


1933 


1,133 


74 


262 


424 


3.4 


14.6 


3.7 


20.3 


2.0 


8.9 


10.9 


34.5 


1934 


1,465 


70 


300 


503 


3.3 


21.4 


3.6 


27.9 


2.6 


10.4 


12.9 


44.2 


1935 


1,610 


65 


300 


535 


2.2 


24.0 


6.7 


34.2 


2.1 


10.7 


1.28 


49.2 


1936 


2,024 


82 


321 






34.4 


5.8 




2.9 


11.8 


14.7 




(1) Logs anc 
pulp < 


pulpwood not used in manufacture, firewood, railway ties, poles and miscella 
onsumed in paper manufacture. (5) Paper production not reported separat 


neous unmanufactured products. (2) Estimated equivalent of products in 
ely; New Brunswick production included with Quebec in 1921-27; figur 











































APRIL 1938 



68 



*EST INDUSTRIES 

try, The Pulp and Paper Industry and The Canada Year Book 



RODUCTS (1) 


SAW-MILLING (3> 


PULP AND PAPER 


Total 
Value(6) 




OTHER 


Total 


LUMBER 


SHINGLES 


OTHER 


Total 


PULP(4) 


PAPER 


Total 


Calendar 


Millions of dollars 




41.2 


78.7 


82.4 


10.7 


13.1 


106.2 


32.1 


106.6 


133.9 


318.8 


1921 


37.2 


75.4 


84.6 


10.4 


11.1 


106.1 


40.1 


106.3 


142.5 


324.0 


1922 


45.8 


84.5 


108.3 


9.6 


12.3 


130.2 


47.4 


128.0 


175.4 


390.1 


1923 


46.5 


85.8 


104.4 


10.4 


15.5 


130.4 


35.4 


133.3 


168.7 


384.9 


1924 


49.9 


89.4 


99.7 


11.2 


14.4 


125.3 


42.4 


140.2 


182.5 


397.2 


1925 


37.2 


77.2 


101.1 


10.5 


13.4 


125.0 


42.0 


158.3 


200.2 


402.4 


1926 


41.7 


82.3 


97.5 


8.7 


13.7 


119.9 


37.8 


168.5 


206.3 


408.5 


1927 


38.4 


79.6 


103.6 


10.3 


14.5 


128.4 


40.1 


184.5 


224.5 


432.6 


1928 


37.7 


79.5 


113.3 


9.4 


13.0 


135.8 


41.3 


193.2 


234.5 


449.8 


1929 


46.6 


90.4 


87.7 


5.4 


10.7 


103.8 


33.7 


173.6 


207.3 


401.5 


1930 


20.1 


64.3 


46.0 


3.3 


6.5 


55.8 


24.7 


144.0 


168.7 


288.9 


1931 


8.3 


38.9 


26.9 


3.6 


3.9 


34.3 


16.5 


114.1 


130.7 


203.9 


1932 


12.6 


43.7 


27.7 


4.5 


4.2 


36.3 


21.2 


97.0 


118.2 


198.2 


1933 


14.4 


45.9 


40.5 


4.4 


6.5 


51.4 


24.6 


122.2 


146.8 


244.1 


1934 


14.3 


46.2 


47.9 


7.6 


8.4 


63.9 


25.9 


130.2 


156.1 


266.1 


1935 






62.0 


6.8 


9.5 


78.2 


29.8 


147.9 


177.7 




1936 



ONTARIO 









TOTAL 


Primary 


SAW-MILLING (3) 


PULP AND PAPER 


Total 










TIMBER 


Productsd) 


LUMBER 


OTHER 


Total 


pulpW 


PAPER 


Total 


Value(6) 


Calendar 
Years 


tm. bd. ft. 


M. she 


rrt Ions 


Mm.cu.ftS® 








Millions 


of dollars 








734 


51 


508 


* 


* 


24.5 


6.0 


30.5 


2.8 


52.1 


54.9 


* 


1921 


776 


120 


648 


* 


* 


25.7 


3.8 


29.5 


5.8 


50.9 


56.7 


* 


1922 


890 


204 


720 


* 


* 


31.7 


4.4 


36.1 


9.7 


57.1 


66.8 


* 


1923 


979 


211 


763 


* 


* 


32.2 


4.4 


36.6 


7.7 


59.8 


67.5 


* 


1924 


958 


241 


782 


* 


* 


30.1 


4.8 


34.9 


10.6 


58.5 


69.1 


* 


1925 


865 


149 


895 


740 


22.1 


26.4 


4.0 


30.3 


9.0 


63.7 


72.7 


125.1 


1926 


740 


93 


856 


699 


21.2 


23.0 


3.9 


26.9 


8.1 


59.5 


67.7 


115.8 


1927 


856 


222 


881 


771 


23.4 


26.1 


4.7 


30.7 


11.1 


59.5 


70.6 


124.7 


1928 


913 


239 


1,080 


776 


22.4 


28.2 


3.8 


32.0 


10.9 


66.8 


77.7 


132.1 


1929 


718 


208 


912 


719 


22.6 


21.1 


3.1 


24.2 


8.0 


56.3 


64.3 


111.1 


1930 


418 


145 


792 


605 


20.6 


10.9 


1.5 


12.3 


4.9 


45.5 


50.4 


83.3 


1931 


212 


108 


759 


402 


10.1 


4.8 


.7 


5.4 


3.2 


38.2 


41.4 


56.9 


1932 


227 


159 


790 


440 


11.0 


4.7 


.8 


5.5 


4.8 


34.2 


38.9 


55.4 


1933 


318 


163 


824 


467 


10.8 


7.0 


1.2 


8.3 


5.6 


39.0 


44.6 


63.6 


1934 


351 


263 


1,015 


514 


11.9 


8.3 


2.1 


10.4 


5.6 


42.3 


47.9 


70.2 


1935 


412 


197 


1,161 






10.3 






7.2 


48.5 


55.7 




1936 



MARITIMES 









TOTAL 


Primary 


SAW-MILLING <3) 


PULP AND PAPER 


Total 










TIMBER 


Productsd) 


LUMBER 


OTHER 


Total 


PULP<4) 


PAPER 


Total 


Value(6) 


Calendar 
Years 


im. bd. ft. 


M. she 


irt tons 


Mm.cu.fl. m 








Millions 


of dollars 








391 


80 


(5) 


* 


* 


11.0 


2.3 


13.3 


5.9 


(5) 


5.9 


* 


1921 


465 


137 


(5) 


* 


* 


11.5 


3.2 


14.7 


7.4 


(5) 


7.4 


* 


1922 


519 


138 


(5) 


* 


* 


14.0 


3.2 


17.2 


7.8 


<S> 


7.8 


* 


1923 


592 


155 


(5) 


* 


* 


15.1 


3.2 


18.3 


7.7 


(5) 


7.7 


* 


1924 


504 


191 


(5) 


* 


* 


12.5 


3.7 


16.2 


8.6 


(5) 


8.6 


* 


1925 


479 


201 


(5) 


359 


13.5 


11.6 


3.5 


15.1 


9.7 


(5) 


9.7 


38.3 


1926 


446 


189 


(5) 


345 


15.0 


10.8 


3.9 


14.7 


9.2 


(5) 


9.2 


38.9 


1927 


403 


141 


85 


319 


12.3 


9.8 


2.8 


12.6 


7.6 


5.2 


12.8 


37.7 


1928 


494 


174 


107 


327 


9.7 


12.0 


3.3 


15.3 


9.2 


5.6 


14.8 


39.9 


1929 


410 


174 


226 


319 


9.6 


9.1 


2.4 


11.5 


8.0 


12.6 


20.6 


41.7 


1930 


239 


171 


300 


287 


8.6 


4.2 


1.7 


5.9 


6.5 


14.9 


21.3 


35.7 


1931 


196 


126 


247 


213 


6.0 


2.8 


.9 


3.7 


4.8 


12.4 


17.2 


26.9 


1932 


207 


174 


229 


229 


5.9 


2.8 


.9 


3.7 


6.2 


8.4 


14.5 


24.1 


1933 


364 


163 


276 


287 


7.0 


5.4 


.9 


6.3 


6.7 


11.0 


17.7 


30.9 


1934 


377 


178 


308 


294 


6.7 


5.8 


1.0 


6.8 


7.4 


12.4 


19.8 


33.2 


1935 


337 


206 


365 






5.7 






8.1 


13.6 


21.7 




1936 



nding timber. (3) Saw-mill production excluding pulpwood; deduction of pulpwood for individual provinces estimated in 1921-29. (4) Pulp production less 
16 include Manitoba. (6) Total value of primary products, saw-mill production, paper production and pulp not used in making paper. *Not available. 



MAY 1938 



MILLIONS OF DOLLARS 



69 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 




CHARTERED BANK 
CASH RESERVES 

BANK OF CANADA DEPOSITS AND 
NOTES HELD BY CHARTERED BANKS 



fc&;i--: 



DEC. MAR. JUNE SEPT. DEC. MAR. JUNE SEPT. DEC. MAR JUNE 



1936 



1937 



1938 




1938 



70 



MAY 1938 



Millions of Dollars 
















1 DAIl J 






LIABILITIES 










Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total . 
Assets 
or 
Liabilitie 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 
1936-12 Mths. 
1937-12 Mths. 


37.2 
40.4 

49.8 (2) 


176.5 
184.7 
191.4 (2) 


213.7 
225.1 
241.2 


23.9 
22.5 
25.8 


.7 
1.0 
1.2 


48.9 
64.0 
90.6 (2) 


6.8 

9.4 

13.5 


294.0 
322.0 
372.2 


1935— Apr. 
May 
June 


49.3 
39.7 
31.5 


152.9 
158.2 
168.5 


202.2 
197.9 
200.0 


14.3 
13.6 
22.2 


.7 
.5 
.2 


44.7 
43.6 
43.7 


6.2 
6.8 
8.4 


268.1 
262.2 
274.4 


July 
Aug. 
Sept. 


31.9 
33.4 
34.6 


175.7 
185.4 
186.0 


207.6 
218.8 
220.6 


34.6 
28.9 
23.3 


.8 
.5 
.6 


44.9 
45.5 
48.8 


8.5 
5.9 
6.3 


296.4 
299.6 
299.5 


Oct. 

Nov. 

Dec. 


37.7 
39.6 
37.5 


184.0 
192.7 
185.0 


221.7 
232.3 
222.5 


22.1 
24.6 
31.7 


.4 
1.3 
1.2 


54.5 
56.6 
57.7 


6.5 
6.8 
5.8 


305.3 
321.5 
318.9 


1936— Jan. 
Feb. 

Mar. 


39.2 
35.6 
33.8 


176.8 
181.7 
186.0 


216.0 
217.3 
219.8 


31.7 
25.1 
23.2 


1.2 
1.1 
1.7 


53.1 
51.1 
51.7 


5.8 
6.1 
6.2 


307.7 
300.6 
302.5 


Apr. 
May 
June 


35.5 

36.7 
36.9 


185.5 
187.1 
186.9 


221.0 
223.8 
223.8 


22.0 
25.8 
25.5 


1.0 

.9 

1.1 


54.9 
55.2 
57.5 


7.6 
7.4 
7.9 


306.5 
313.0 
315.7 


July 
Aug. 
Sept. 


39.1 

38.8 
45.5 


186.6 
184.6 
172.6 


225.7 
223.4 
218.1 


16.1 
23.6 
16.1 


.6 
.8 
.4 


60.7 
64.2 
75.1 


7.4 

8.4 

11.7 


310.5 
320.3 
321.3 


Oct. 

Nov. 

Dec. 


50.0 
47.9 
46.2 


177.5 
199.1 
192.0 


227.5 
247.0 
238.2 


16.2 
20.8 
24.1 


.2 

.7 
2.1 


80.7 
80.9 
83.5 


13.4 

16.2 
14.1 


338.0 
365.6 
362.0 


1937— Jan. 
Feb. 

Mar. 


52.1 
44.0 
42.5 


190.3 
194.5 
195.S 


242.4 
238.5 
238.3 


22.1 
34.6 
29.7 


2.0 
1.0 
1.6 


77.9 
76.2 
80.2 


12.6 
12.4 
14.1 


357.0 
362.6 
363.9 


Apr. 
May 
June 


46.5 
46.4 
45.5 


191.7 
193.4 
190.3 


238.2 
239.8 
235.8 


31.2 

22.0 
19.8 


1.2 

1.0 

.6 


82.4 
84.5 
86.4 


12.3 
13.0 
13.4 


365.4 
360.3 
355.9 


July 
Aug. 
Sept. 


49.5 
51.4 
53.5 


182.8 
175.3 
183.1 


232.3 
226.7 
236.6 


13.2 
24.1 

28.7 


.6 

.8 

1.0 


87.0 

92.3 

102.0 


12.6 
13.3 
13.5 


345.7 
357.2 
381.8 


Oct. 

Nov. 

Dec. 


57.0 
54.6 
54.1 


186.0 
215.2 
197.8 


243.0 
269.8 
251.9 


32.8 
30.0 
21.5 


.6 
1.7 

2.4 


105.6 
105.0 
107.3 


13.5 
14.1 
17.4 


395.7 
420.6 
400.5 


1938— Jan. 
Feb. 
Mar. 
Apr. 


59.9 
51.6 
49.6 
52.8 


194.7 
193.7 
193.2 
190.7 


254.6 
245.3 
242.8 
243.5 


15.7 
21.6 
23.4 
20.3 


2.9 
2.4 
2.6 
2.7 


99.7 

98.6 

100.0 

101.9 


13.9 
13.3 
13.6 

13.8 


386.7 
381.3 
382.4 
382.2 


Wednesdays 

May 4 
11 
18 
25 


52.4 U) 
54.7"' 
54. 2 ( " 
53 A m 


195.6 
192.0 
191.7 
194.1 


248.0 (i> 
246.7" 
245.9" 
247.5' 1 


8.8 
16.7 
17.4 

22.5 


2.7 
2.9 

2.7 
3.0 


105.0 (j) 
102.8 (3) 
102.7 (,) 
102.4 1 " 


15.2 

13.9 
14.4 
14.4 


379.7 
383.0 
383.1 

389.8 


(1) Includes "Other 


Securities". (2) 


Revised. (3) Est 


imates. 













MAY 1938 
^ CANADA 



71 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 




Gold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total"' 




L54. 6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


Average of 
Wednesday Figures 

1935- 9Mths. 


L79.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12Mths: 


L82.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12Mths. 


L06.9 


1.1 


10.0 


118.0 


45.07 


32.0 


115.0 


147.0 


_ 


3.0 


Apr.— 1935 


L06.9 


1.3 


9.8 


118.0 


46.20 


20.9 


116.9 


137.7 


1.5 


5.0 


May 


L06.8 


1.2 


14.8 


122.8 


46.17 


25.4 


120.0 


145.4 


1.6 


4.6 


June 


L65.4 


1.2 


13.6 


180.2 


62.58 


19.0 


87.9 


107.0 


3.8 


5.5 


July 


180.1 


1.3 


10.6 


192.0 


65.37 


19.1 


80.5 


99.5 


4.5 


3.6 


Aug. 


180.5 


1.4 


10.2 


192.1 


65.51 


23.3 


79.8 


103.1 


1.6 


2.7 


Sept. 


181.8 


1.6 


4.4 


187.8 


62.84 


25.1 


80.1 


105.2 


7.4 


4.9 


Oct. 


181.4 


1.7 


7.8 


190.8 


60.63 


30.2 


82.6 


112.8 


14.5 


3.4 


Nov. 


181.2 


1.5 


11.6 


194.3 


62.06 


35.6 


83.4 


119.0 


2.2 


3.4 


Dec. 


179.7 


1.6 


11.2 


192.6 


63.77 


26.8 


82.7 


109.4 


2.2 


3.5 


Jan.— 1936 


180.4 


1.5 


8.8 


190.7 


64.74 


23.9 


81.8 


105.7 


— 


4.2 


Feb. 


180.2 


1.6 


9.5 


191.2 


64.55 


26.4 


82.3 


108.7 


- 


2.6 


Mar. 


180.3 


1.6 


11.1 


193.0 


64.57 


27.6 


82.0 


109.6 


_ 


3.8 


Apr. 


179.8 


1.7 


13.3 


194.8 


63.72 


29.8 


81.3 


111.1 


2.0 


5.2 


May 


179.9 


1.7 


15.8 


197.5 


64.15 


28.5 


82.6 


111.2 


3.2 


3.9 


June 


179.8 


1.8 


10.4 


191.9 


63.32 


30.0 


82.0 


112.0 


3.0 


3.6 


July 


179.5 


1.8 


18.9 


200.1 


64.16 


31.2 


80.4 


111.6 


3.0 


5.6 


Aug. 


179.4 


1.9 


5.3 


186.6 


60.26 


42.3 


86.3 


128.6 


3.0 


3.1 


Sept. 


179.4 


1.9 


5.1 


186.4 


57.43 


51.8 


93.7 


145.5 


3.0 


3.1 


Oct. 


179.2 


2.0 


12.3 


193.5 


55.37 


63.0 


100.7 


163.7 


1.0 


7.4 


Nov. 


179.3 


2.0 


14.6 


196.0 


56.34 


62.2 


99.5 


161.7 


- 


4.3 


Dec. 


179.5 


2.3 


11.7 


193.4 


56.16 


61.7 


98.0 


159.7 





3.9 


Jan.— 1937 


179.5 


2.3 


14.7 


196.4 


56.07 


58.7 


102.9 


161.7 


- 


4.6 


Feb. 


183.2 


2.3 


18.6 


204.2 


58.37 


51.8 


101.8 


153.6 


- 


6.1 


Mar. 


190.8 


2.4 


16.1 


209.3 


59.28 


50.5 


101.7 


152.3 


_ 


3.8 


Apr. 


188.2 


2.4 


14.1 


204.7 


58.96 


47.7 


101.3 


149.0 


- 


6.5 


May 


183.5 


2.5 


21.9 


207.9 


60.70 


39.5 


100.2 


143.7 


- 


4)3 


June 


181.0 


2.5 


18.2 


201.7 


60.56 


33.6 


96.2 


139.8 





4.2 


July 


179.5 


2.5 


23.7 


205.8 


59.83 


40.9 


94.2 


145.6 


- 


5.8 


Aug. 


179.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


- 


4.7 


Sept. 


179.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


_ 


4.5 


Oct. 


179.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


— 


6.1 


Nov. 


179.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


179.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan.— 1938 


180.0 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


180.2 


3.0 


22.3 


205.5 


55.72 


119.3 


41.5 


173.1 


— 


3.8 


Mar. 


180.7 


1.8 


21.5 


204.0 


55.37 


116.3 


41.5 


170.1 


2.8 


5.4 


Apr. 


180.7 


1.0 


18.4 


200.1 


54.91 


119.5 


39.4 


169.9 


_ 


9.6 


Wednesdays 

May 4 


180.9 


.5 


23.4 


204.8 


55.46 


121.0 


38.8 


170.9 


- 


7.4 


11 


181.3 


- 


26.7 


208.0 


56.41 


120.5 


38.8 


170.4 


— 


4.7 


18 


182.3 


— 


29.0 


211.3 


56.30 


122.0 


39.2 


172.3 


- 


6.1 


25 



72 























MAY 1938 




















II— CHARl|i 


Millions of Dollars 


















Bankf 




LIABILITIES 






Notes 


Deposits 


Cash 

in 

Canada' 3 ' 


Securities 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits* 1 ' 


Foreign 


Total 

Deposits"' 


DOM.-PROV. 


Othe 




Short 


Long 




Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


189' 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


214 i 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


183! 


1935 


126 


569 


1,445 


65 


2,104 


348 


2,476 


216 


407 


454 


183 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


256 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


307 


End of 
























1937— Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


660 


303 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


306. 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


30E 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


30S' 


Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


32S- 


Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


326 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


317 


Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,825 


268 


425 


660 


306 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


301 


1938— Jan. 


98 


640 


1,591 


84 


2,360 


399 


2,783 


251 


447 


690 


297 


Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 


30C 


Mar. 


100 


648 


1,623 


67 


2,379 


399 


2,808 


242 


459 


685 


294 


Apr. 


100 


687 


1,631 


96 


2,445 


398 


2,884 


243 


461 


694 


301 



(l) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



NOTE CIRCULATION: 1936-38 



MILLIONS Or DOLLARS 



BANK OF CANADA ACTIVE CIRCULATION AND TOTAL CHARTERED BANK NOTE ISSUE 



MILLIONS OF DOLLARS 




MAY 1938 



73 



■ED BANKS 

\iinada 



Millions of Dollars 



Total 



533 
499 
696 

841 

867 

11,044 

11,331 

1,426 

i 1,440 
11,438 
1,442 

1,431 
i 1,446 
11,446 
1,411 
1,391 
1,411 

1,434 
1,440 
1,438 
1,456 



ASSETS 



Loans 



CANADA 



Call 



140 
267 
117 

102 

102 

82 

93 

107 

121 
117 
116 

114 

114 

100 

82 

87 
76 

72 
70 
63 
64 



Current 
Public 



934 
1,343 
1,032 

907 
869 
829 
699 
732 

710 

728 
728 

735 
748 
771 
770 
768 
749 

731 
737 
752 
770 



Current 
Other 



87 

112 
165 

147 
145 
134 
121 
117 

125 
125 
125 

117 
115 
112 
121 
116 
113 

107 
114 
118 
136 



ABROAD 



Call 



250 
301 

84 

92 
107 

72 
64 
68 

72 
77 
70 

73 
75 
64 
53 
52 
60 

51 
51 
51 
50 



Current 



261 
248 
172 

148 
138 
146 
150 
165 

168 
161 
159 

158 
160 
172 
173 
159 
166 

168 
169 
169 
160 



Total 
Assets 



2,864 
3,528 
2,869 

2,831 
2,838 
2,957 
3,145 
3,317 

3,347 
3,334 
3,359 

3,299 
3,326 
3,340 
3,299 
3,293 
3,281 

3,239 
3,245 
3,266 
3,337 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




Canada' 3 ' 


Deposits* 4 ' 


Deposits in 


Note 






Canada 


Circulation* 5 ' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 

End of 


236 


2,364 


10.0 


193 


Apr.— 1937 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 


245 


2,325 


10.5 


196 


Feb. 


242 


2,331 


10.4 


199 


Mar. 


240 


2,382 


10.1 


203 


Apr. 



4) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

5) Chartered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS ■ CANADIAN DEPOSITS' 1936-38 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLAFIS 



2400 



2300 



2200 



2100 




2400 



2300 



2200 



2100 



74 



MAY 1938 



III— SECURITY PRICES 

Bank of Canada 









Dominion of Canada Bonds Payable 


in Canada Only 














Middle Prices and Yields 








Average of 






















Working Days 


4J^% due 


Nov. 1, 


3% due 


une 1, 


5% due < 


3ct. 15, 


2V 2 % due 


June 1, 


lV2%dw 


June 1, 




1948-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


(1) 
100.75 


(!) 

1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


100.01 


1.50 


May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


100.16 


1.45 


June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


100.35 


1.38 


July 


109.99 


3.43 


96.61 


3.25 


112.25 


2.85 


101.56 


2.22 


100.38 


1.36 


Aug. 


110.54 


3.37 


97.19 


3.21 


112.35 


2.80 


101.62 


2.20 


100.45 


1.33 


Sept. 


110.44 


3.37 


96.99 


3.22 


111.97 


2.84 


101.29 


2.26 


100.05 


1.48 


Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. 


111.42 


3.23 


98.17 


3.14 


113.38 


2.46 


102.12 


2.07 


100.68 


1.20 


Mar. 


111.85 


3.18 


98.55 


3.11 


113.84 


2.35 


102.50 


1.99 


100.84 


1.11 


Apr. 


112.15 


3.14 


99.54 


3.04 


113.89 


2.32 


102.62 


1.96 


101.03 


1.01 


May (2) 


112.88 


3.05 


100.08 


2.99 


114.48 


2.19 


103.28 


1.82 


101.30 


.86 



(1) Average July 1 - Dec. 31. 



(2) Average May 1 - 25. 



CANADIAN AND U.K. GOVERNMENT BOND YIELDS IN LONDON : 1935-38 




1935 

SCt NOTC If ON PAGC 75. tAVCRAGC MAY 1-25 



1936 



1937 



1938 



MAY 1938 



75 



HI— SECURITY PRICES 

Bank of Canada 









Government Bonds 






Treasury Bills 


Average of 
Working Days 






Middle Prices and Yields 




Average 


Yield of Successful 
Tenders'-" 


Ca 


iada* t 


U. K.*t<» 


U.S.A.* t 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


9 Months 


1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 


1937 


103.37 


3.34 


101.15 


3.42 


102.61 


2.73 


.719 


.547 


.509 


1937— Apr. 


101.64 


3.50 


101.81 


3.37 


101.15 


2.84 


.771 


.527 


.667 


Mav 


102.29 


3.43 


101.85 


3.37 


101.53 


2.81 


.715 


.509 


.685 


June 


103.09 


3.36 


100.36 


3.47 


101.52 


2.81 


.643 


.701 


.572 


July 


103.30 


3.34 


99.36 


3.52 


102.04 


2.77 


.632 


.504 


.514 


Aug. 


103.87 


3.29 


99.47 


3.52 


102.00 


2.77 


.636 


.523 


.459 


Sept. 


103.72 


3.30 


99.51 


3.52 


101.35 


2.82 


.632 


.496 


.584 


Oct. 


102.83 


3.37 


100.19 


3.49 


101.48 


2.81 


.696 


.538 


.362 


Nov. 


103.02 


3.35 


101.43 


3.39 


102.06 


2.76 


.816 


.509 


.143™ 


Dec. 


103.91 


3.28 


101.37 


3.40 


102.78 


2.71 


.761 


.688 


.124 w 


1938— Jan. 


104.34 


3.23 


102.12 


3.35 


103.33 


2.66 


.726 


.500 


All™ 


Feb. 


104.80 


3.18 


102.68 


3.31 


103.43 


2.65 


.648 


.504 


.078™ 


Mar. 


105.20 


3.14 


100.93 


3.42 


103.57 


2.64 


.524 


.506 


.070™ 


Apr. 


105.85 


3.09 


101.44 


3.39 


103.68 


2.63 


.503 


.512 


.061™ 


May (6) 


106.48 


3.02 


101.51 


3.39 


105.04 


2.52 


.471 


.504 


.027™ 



* Average of two long term issues for each country. 

t Differing coupon rates and maturity provisions, and the fact that the U. S. Treasury issues are exempt from "normal" income tax, vitiate any direct 
comparison of absolute yield levels. 

(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) On (or nearest to) 15th of each month. (3) 120 days. (4) 96 days. (5) 91 days. (6) Average May 1-25 for Bond Prices & Yields. 



CANADIAN AND U.S.A. GOVERNMENT BOND YIELDS IN NEW YORK 1935-38. 



2k% 




M J J A 
1935 

ICE NOTC tV ABOVC. VAVCRAGC MAY 1-14. 



M J J A 
1937 



F M A M J 
1938 



76 



MAY 1938 



IV— INTERNATIONAL PURCHASES AND SALES OF SECURITIES 



Millions of Dollars 






Dominion 


Bureau of Statistics 












Total 
Sales 


Total 
Purchases 


Net Sales 

or 

Net 

Purchases 


United States 


United Kingdom 


Other Countries 




Sales 
To 


Purchases 
From 


Sales 
To 


Purchases 
From 


Sales 
To 


Purchases 
From 


Jan. to Mar. 1938 

Canadian: Bonds 
Shares 


30.7 
32.8 


26.6 
25.6 


4.1 
7.1 


21.8 
23.5 


19.9 
15.0 


7.4 
4.7 


5.7 
8.6 


1.6 
4.5 


1.0 

2.1 


Total 

United States: Bonds 
Shares 


63.5 

.9 
24.3 


52.3 

1.3 
23.4 


11.2 

.4 
1.0 


45.3 

.9 
24.2 


34.9 

1.2 
23.3 


12.1 
.1 


14.2 
.1 


6.1 
.1 


3.1 
.1 


Total 

United Kingdom: Bonds 
Shares 


25.2 

.7 
.2 


24.6 

.1 
.1 


.6 

.6 
.1 


25.0 


24.5 
.1 


.1 

.7 

.1 


.1 


.1 


.1 


Total 

Other Countries: Bonds 
Shares 


.8 

.5 
.1 


.2 
1.3 


.7 
.8 


.4 
.1 


.1 

.4 


.8 


.1 
A 


.1 


.8 


Total 
Unclassified 


.6 
2.4 


1.3 
5.0 


.8 
2.6 


.5 
1.8 


.4 
3.8 


.6 


.1 
1.2 


.1 
.1 


.8 
.1 


Total all Securities 


92.5 


83.4 


9.0 


72.5 


63.6 


13.7 


15.7 


6.3 


4.1 



Monthly Totals 




















1937— Jan. 


59.1 


65.1 


5.9 


42.9 


54.7 


13.0 


8.8 


3.3 


1.5 


Feb. 


69.2 


56.2 


13.0 


49.3 


45.7 


16.5 


9.3 


3.3 


1.2 


Mar. 


66.5 


62.8 


3.7 


48.4 


50.6 


15.1 


10.5 


3.0 


1.7 


1938— Jan. 


32.7 


28.8 


4.0 


26.3 


21.3 


4.5 


6.5 


2.0 


.9 


Feb. 


24.9 


20.4 


4.5 


18.9 


15.2 


4.1 


4.1 


1.9 


1.2 


Mar. 


34.8 


34.3 


.5 


27.4 


27.1 


5.1 


5.1 


2.3 


2.1 



INTERNATIONAL NET PURCHASES AND NET SALES OF SECURITIES H934-38 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




MAY 1938 



77 



INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 

Volume of 

Business 

Index 

Seasonally 
adjusted 

1926 = 100 


PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Employ- 




Gold 


Copper 


Steel 


Auto- 
mobiles 
& Trucks 


News- 
print 


Central 
Electric 
Stations 


ment 
Index'" 

Seasonally 
adjusted 

1926 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


Annual Totals^) 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,022 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 


182 


758 


117 


2,605 


21,197 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


942 


173 


2,765 


23,283 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,116 


162 


3,225 


25,394 


163 


2,494 


104.0 


1937 


122.8 


4,091 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1936-Dec. 


118.4 


331.8 


21.8 


104.0 


20.2 


289.3 


2,326 


6.1 


205.7 


107.8 


1937-Jan. 


116.9 


328.5 


18.6 


115.2 


19.6 


287.7 


2,318 


6.6 


192.5 


108.1 


Feb. 


115.0 


310.1 


19.2 


111.8 


19.7 


275.5 


2,147 


8.7 


186.2 


107.1 


Mar. 


118.7 


326.3 


20.9 


125.1 


24.9 


301.1 


2,412 


16.1 


214.4 


109.1 


Apr. 


124.0 


323.3 


21.0 


121.4 


17.1 


298.4 


2.323 


24.4 


207.6 


110.4 


1937-Dec. 


121.4 


361.7 


24.6 


98.3 


20.7 


293.0 


2,458 


10.8 


204.2 


117.8 


1938-Jan. 


111.8 


361.1 


26.2 


112.4 


17.6 


222.5 


2,280 w 


9.1 


187.4 


114.7 


Feb. 


106.7 


340.8 


23.4 


99.0 


16.1 


202.6 


2,058 


6.6 


179.7 


112.3 


Mar. 


108.8 


376.0 


24.0 


118.7 


16.8 


224.6 


2,258 


10.4 


199.5 


111.2 


Apr. 


117.4 






116.4 


18.8 


200.8 


2,064 


15.0 


184.7 


111.5 



(1) As at end of month. (2) Average of months in case of Physical Volume of Business and Employment Indexes. (3) Revised 



NEWSPRINT : NORTH AMERICA ; 1936-38 



THOUSANDS OF SHORT TONS 



THOUSANDS OF SHORT TONS 



4400 



4000 



3600 




J S D M J 

1936 1937 

(1) North American production plus imports from Europe- lrss shipments overseas. 

(2) A.N.P.A. estimate of U.S. consumption plus Canadian shipments to Canadian publishers. 

(.?) Cumulative difference of monthly figures for (a) Retained Production Plus Imports and (b) Estimated Consumption by Publishers. 



78 



MAY 1938 



MOTOR VEHICLE MANUFACTURING INDUSTRY 



VI— MOTOF/ 

Dominion Bureau of St, \ 



Calendar Years 



1926 
1927 
1928 

1929 
1930 
1931 

1932 
1933 
1934 

1935 
1936 
1937 



Capital 
Employed 



SALARIES & WAGES 



Salaries 



Wages 



Total 



Millions of Dollars 



82.8 
88.8 
97.1 

98.4 
90.7 
59.6 

49.6 
40.0 
34.5 

40.8 
46.5 



3.9 
4.7 
5.3 

5.2 
4.8 
4.3 

3.9 
3.3 
3.5 

4.0 
4.1 



15.7 
14.1 
24.3 

21.6 

14.7 

8.8 

7.5 
5.3 
9.4 

14.8 
14.1 



19.7 
18.9 
29.5 

26.9 
19.5 
13.1 

11.4 

8.6 

12.9 

18.8 
18.2 



Number 

of 

Employees 



Thousands 



11.9 
11.1 
16.7 

16.4 

12.5 

9.5 

8.8 
8.1 
9.7 

13.1 

12.9 



Estimated 

Capacity 

of Industry 



Thou, of Vehicles 



291.9 
332.2 
366.7 

398.2 
385.4 
400.1 

426.4 
372.0 
267.2 

267.4 
280.9 



Production 
as a 

Perctnlage of 
Est. Capacity 



Per Cent 



70 
54 
66 

66 
40 
21 

14 
18 

44 

65 
58 



PRODUCTION 



Passenger Trucks & Buses 



Total 



Thousands 



166.9 
146.4 
197.8 

203.3 

121.3 

65.1 

50.7 
53.8 
92.6 

135.6 

128.4 
153.4 



37.8 
32.6 
44.2 

59.3 
32.0 
17.5 

10.1 
12.0 
24.2 

37.3 
33.8 
53.6 



204.7 
179.1 
242.1 

262.6 

153.4 

82.6 

60.8 

65.9 

116.9 

172.9 
162.2 
207.0 



,U> 



$ mm. 



122.6 
115.9 
149.2 

163.5 
91.8 
53.0 

38.6 
38.6 
70.0 

99.0 
96.0 



EXPORTS, IMPORTS & "CONSUMPTION" 



Calendar Years 



DOMESTIC EXPORTS 



Passenger |Trucks & Buses | 



Total 



Thousands 



VALUE 



$ mm. 



RETAINED IMPORTS 



Passenger |Trucks& Buses | 



Total 



Thousands 



$ myn. 



Avail, for Domestic "Consumption " (2) 



Passenger [Trucks & Buses | Total 



Thousands 



1926 
1927 
1928 

1929 
1930 
1931 

1932 
1933 
1934 

1935 
1936 
1937 



53.6 
39.9 
55.7 

64.9 

28.8 

9.3 

9.8 
15.8 
31.3 

47.6 
42.4 
43.8 



20.7 
17.5 
23.7 

36.8 

15.7 

4.5 

2.7 

4.6 

12.1 

16.7 
13.2 
22.2 



74.3 
57.4 
79.4 

101.7 
44.6 
13.8 

12.5 
20.4 
43.4 

64.3 
55.6 
66.1 



32.7 
28.4 
33.9 

44.7 

18.8 

5.8 

5.2 

8.5 

17.2 

23.0 
20.2 
23.9 



26.0 
32.4 
39.8 

38.8 

18.9 

6.8 

.7 

.6 

1.3 

2.9 

7.8 

16.7 



1.2 

.2 
.7 
.9 

1.0 
1.8 
3.0 



28.2 
36.2 
46.9 

44.1 

22.4 

8.0 

1.0 
1.3 
2.5 

3.8 

9.6 

19.6 



24.0 
31.0 
40.3 

38.9 

20.0 

6.9 

.9 
1.0 

1.8 

2.7 

7.6 

16.0 



139.2 
138.9 
181.9 

177.3 

111.4 

62.6 

41.6 
38.7 
63.0 

90.8 

93.8 

126.3 



19.3 
18.9 

27.7 

27.7 
19.8 
14.2 

7.6 

8.1 

13.0 

21.5 
22.4 
34.4 



158.6 
157.8 
209.6 

205.0 

131.2 

76.8 

49.2 
46.7 
76.0 

112.4 
116.2 
160.7 



REGISTRATIONS, GASOLINE SALES, AND GOV'T REVENUES 



Calendar Years 



1926 
1927 
1928 

1929 
1930 
1931 

1932 
1933 
1934 

1935 
1936 



MOTOR VEHICLE REGISTRATIONS 



Passenger 



Trucks & Buses 



Total 



Thousands 



737 
830 
931 

1,023 
1,056 
1,024 

945 
917 
952 

990 

1,042 



102 
131 

156 
168 
167 

159 
156 
167 

176 

188 



825 

932 

1,061 

1,178 
1,223 
1,191 

1,105 
1,073 
1,119 

1,166 

1,229 



Net< 3) 
Gasoline 
Sales 



mm. Gals. 



461 
463 

439 

422 
477 

500 
533 



Average 
Gasoline 
Tax Rate (4> 



Cents per Gal. 



2.94 
2.97 
3.53 

4.69 
5.00 
5.22 

6.11 
6.18 
6.31 

6.44 
6.44 



Prov. Government Revenues from 
Gasoline Tax & Motor Vehicle Licences & Fees (5) 



GASOLINE TAX LICENCES & FEES 



Total 



Millions of Dollars 



6.5 

8.2 
12.8 

18.4 
23.5 
23.4 

25.5 
26.2 
27.8 

31.9 
34.7 



15.9 
17.5 
20.3 

22.2 
19.8 
18.4 

20.4 
20.5 
21.6 

23.2 
26.1 



22.4 
25.7 
33.2 

40.6 
43.3 
41.8 

46.0 
46.7 
49.4 

55.1 
60.8 



t Automobiles, trucks and buses. (1) Amount received by manufacturers from their dealers or distributors excluding taxes, dealers' commissions, etc. (2) Production 

plus retained imports less domestic exports. (3) Sales of gasoline on which no tax refunds have been granted, chiefly for motor vehicles. (4) Weighted average of 

calendar year-end rates of the various Provinces. (5) Figures are for Provincial fiscal years and are shown opposite the nearest calendar year. (6) Retail value including 

sales and excise taxes, charges for standard accessories, dealers commissions, duties on imported vehicles, etc. (7) New contracts financed during the year excluding con- 
tracts refinanced. * Not available. 



MAY 


1938 
























EHIGLESf 
















iics and Bank of Canada 
















RETAIL MOTOR VEHICLE 


SALES & FINANCING 








NEW MOTOR VEHICLE SALES (6) 


MOTOR VEHICLE FINANCING" 1 




Passenger 


Trucks & Buses 


Total 


New 


Used 


Total 


Calendar Years 


NUMBER 


VALUE 


NUMBER 


VALUE 


NUMBER 


VALUE 


number 


AMOUNT 


number 


AMOUNT 


NUMBER 


VALUE 


Thousands 


$ mm. 


Thousands 


$ mm. 


Thousands 


$ mm. 


Thousands 


$ mm. 


Thousands 


$ mm. 


Thousands 


$ mm. 




* 


* 


* 


* 


* 


* 


71.6 


48.1 


92.5 


40.1 


164.1 


88.2 


1929 


* 


* 


* 


* 


* 


* 


48.0 


28.6 


80.4 


34.4 


128.3 


63.0 


1930 


* 


* 


* 


* 


* 


* 


34.0 


20.9 


64.6 


21.1 


98.6 


41.9 


1931 


38.6 


38.9 


7.2 


6.3 


45.9 


45.3 


21.3 


12.7 


48.0 


13.1 


69.3 


25.9 


1932 


39.6 


39.7 


5.8 


5.8 


45.3 


45.5 


15.9 


10.0 


38.4 


10.1 


54.2 


20.2 


1933 


61.5 


63.6 


11.9 


12.2 


73.4 


75.8 


23.3 


16.4 


52.9 


13.7 


76.2 


30.1 


1934 


83.2 


83.4 


18.2 


18.3 


101.5 


101.7 


32.0 


22.4 


68.2 


17.8 


100.2 


40.3 


1935 


92.3 


95.4 


21.0 


22.2 


113.3 


117.6 


42.9 


29.9 


94.7 


25.0 


137.5 


54.9 


1936 


, 114.3 


116.9 


30.2 


32.3 


144.4 


149.2 


56.2 


40.7 


121.7 


35.2 


177.9 


75.9 


1937 


PROVINCIAL DISTRIBUTION 


OF MOTOR VEHICLE REGISTRATIONS & GASOLINE 


, SALES 




MOTOR VEHICLE REGISTRATIONS 




NET GASOLINE SALES 


(3) 






1931 1932 | 1933 | 1934 | 1935 


1936 


1931 


1932 


1933 1934 


1935 


1936 


Calendar Years 


Thousands of Motor Vehicles 


Millions of Gallons 




8 


7 


7 


7 


8 


8 


3 


2 


2 


2 


2 


2 


P.E.I. 


43 


41 


40 


42 


44 


46 


18 


16 


16 


17 


20 


22 


N.S. 


33 


28 


27 


29 


31 


33 


15 


13 


11 


12 


13 


15 


N.B. 


175 


164 


158 


163 


167 


179 


92 


85 


81 


88 


94 


104 


Que. 


558 


528 


516 


538 


560 


586 


226 


218 


214 


240 


256 


261 


Ont. 


75 


71 


68 


70 


70 


74 


22 


22 


22 


26 


26 


29 


Man. 


108 


91 


84 


91 


94 


102 


26 


22 


19 


27 


25 


29 


Sask. 


94 


86 


86 


89 


93 


97 


25 


30 


27 


33 


30 


33 


Alta. 


96 


90 


87 


91 


97 


104 


36 


31 


29 


33 


34 


38 


B.C. 



79 



For Notes see Page 78. 



MOTOR VEHICLES* : 1926-37 



MOTOR VEHICLE MANUFACTURING INDUSTRY 



RATIO SCALE 

REGISTRATIONS. AVAILABLE l~OR DOMESTIC CONSUMPTION, AND PROV. GOV'T. REVENUES 




"i.r.: t »•' T-. 



80 



MAY 1938 



VII— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau of Statistics 





Farm 


Raw 










Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.0 


84.2 


81.1 


80.4 


84.5 


Monthly 












1937-Apr. 


91.4 


87.5 


80.7 


80.5 


86.2 <3) 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Jan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 


Mar. 


83.0 


79.7 


81.2 


82.0 


83.1 


Apr. 


82.5 


79.0 


80.6 


81.3 


82.3 



U.K. 

Board oj Trade a) 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


83.4 


88.0 


83.3 


89.3 


83.1 


89.3 


84.2 


90.0 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 


82.4 


84.0 


82.0 


83.2 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 


70.3 


73.2 


73.5 


83.4 


79.7 


68.4 


71.3 


72.3 


82.7 


78.7 



(1) Adjusted to 1926 = 100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. 

(2) Bureau of Labour Index of Prices of Finished Products. (3) Revised. 



WHOLESALE PRICE INDEXES: CANADA. U.K. AND U.S.A.: 1936-38 



1926=100 



1926-100 




F M A 
1938 



MAY 1938 



81 



VIII— WHOLESALE PRICES: CHIEF COMMODITIES 



Canadian Dollars* 


Dominion Bureau of Statistics and Engineering & Mining Journal 










Wheat 


Flour 


Newsprint 


Pulp 


Lumber 


Copper 


Steel 


Cotton 


Gasoline 


Coal 




No. 1 


First 




Bleached 


Fir 


Electro- 


Billets 


Middling 


Tank 


American 




Northern 


Patent 




Sulphite 


Flooring 


lytic 






Wagon 


Bituminous 




Lake-head 


Montreal 


f.o.b. Mills 


f.o.b. Mills 


f.o.b. Mills 


London ' 


f.o.b. Plant 


Hamilton 


Toronto 


Toronto 




bushel 


barrel 


short ton 


short ton 


M. bd. ft. 


cwt. 


long ton 


pound 


gallon 


short ton 


Annual Average 






















1926 


1.50 


8.82 


65.0 


80.0 


26.0 


13.8 


38.0 


.194 


.253 


6.47 


1929 


1.34 


7.93 


55.0 


75.0 


24.8 


18.3 


36.0 


.199 


.199 


6.02 


1932 


.56 


4.81 


50.2 


55.0 


14.5 


6.3 


34.0 


.085 


.179 


5.65 


1933 


.61 


5.09 


37.1 


52.5 


14.3 


7.5 


34.0 


.106 


.173 


5.35 


1934 


.75 


5.50 


32.9 


55.0 


14.5 


7.4 


34.0 


.138 


.163 


5.73 


1935 


.84 


5.43 


33.4 


53.5 


15.1 


7.8 


34.0 


.138 


.158 


5.86 


1936 


.94 


6.08 


34.2 


53.0 


22.2 


9.5 


34.2 


.141 


.149 


6.75 


1937 


1.34 


7.73 


36.1 


65.6 


27.0 


13.1 


41.2 


.136 


.159 


6.75 


Monthly 






















1937— Apr. 


1.39 


7.50 


36.1 


62.0 


32.3 


14.6 


42.0 


.161 


.160 


6.75 


May 


1.31 


7.40 


36.0 


62.0 


29.5 


14.0 


42.0 


.155 


.160 


6.75 


June 


1.24 


7.30 


36.1 


62.0 


29.5 


13.5 


42.0 


.151 


.160 


6.75 


July 


1.46 


8.80 


36.1 


71.5 


28.0 


14.0 


42.0 


.153 


.160 


6.75 


Aug. 


1.32 


8.10 


36.1 


71.5 


26.0 


14.2 


42.0 


.131 


.160 


6.75 


Sept. 


1.34 


7.60 


36.1 


71.5 


25.0 


13.0 


42.0 


.109 


.160 


6.75 


Oct. 


1.42 


7.80 


36.1 


74.0 


24.5 


11.2 


42.0 


.104 


.160 


6.75 


Nov. 


1.35 


7.40 


36.1 


74.0 


22.0 


9.8 


42.0 


.100 


.160 


6.75 


Dec. 


1.37 


7.80 


36.1 


74.0 


21.3 


9.8 


42.0 


.102 


.160 


6.75 


1938— Jan. 


1.49 


7.98 


43.6 


64.0 


24.0 


10.1 


42.0 


.104 


.160 


6.75 


Feb. 


1.45 


7.95 


43.6 


64.0 


24.0 


9.8 


42.0 


.109 


.160 


6.75 


Mar. 


1.38 


7.64 


43.7 


64.0 


24.0 


9.7 


42.0 


.105 


.160 


6.75 


Apr. 


1.38 


7.48 


43.2 


64.0 


24.0 


9.7 


42.0 


.109 


.160 


6.75 



* Prices have been converted into Canadian funds where necessary. (1) New York price prior to June 1932. 



WHOLESALE PRICE INDEXES = 1936-38 



1926*100 



1926=100 




D J F M 


A 


M 


J J 


INCLUDES NEWSPRINT 






1936 



J J 

1937 



F 
1938 



82 



MAY 1938 



Millions of Dollars 



IX— EXTERNAL TRADE: MERCHANDISE IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





From 


Total 




Total 


Excess of 














Re-Exports 


Retained 


Exports 




U.K. 


Other 

British 


U.S.A. 


Other 
Foreign 


Imports 




Imports 


or Imports 


Calendar Year Totals 


















1926 


165 


50 


669 


125 


1,008 


15 


993 


282 


1929 


195 


62 


894 


148 


1,299 


26 


1,273 


84 


1932 


94 


35 


264 


61 


453 


8 


445 


105 


1933 


98 


35 


217 


51 


401 


6 


395 


214 


1934 


113 


44 


294 


63 


513 


7 


507 


252 


1935 


117 


57 


312 


64 


550 


13 


537 


305 


1936 


123 


66 


369 


77 


635 


13 


622 


448 


1937 


147 


89 


491 


82 


809 


15 


794 


348 


12 Months Ending 


















Mar. 1938 


145 


88 


487 


79 


799 


15 


784 


349 


Monthly Totals 


















1936— Nov. 


12.5 


7.4 


35.4 


10.9 


66.2 


1.9 


64.3 


56.7 


Dec. 


8.5 


4.9 


32.6 


7.0 


53.0 


1.3 


51.7 


53.2 


1937— Jan. 


9.3 


3.9 


33.2 


5.5 


51.9 


1.2 


50.7 


36.1 


Feb. 


9.2 


3.7 


31.8 


4.1 


48.7 


.9 


47.8 


27.0 


Mar. 


12.9 


6.0 


44.7 


7.3 


71.0 


1.0 


70.0 


20.9 


Apr. 


10.2 


4.8 


36.7 


5.1 


56.9 


1.4 


55.5 


10.0 


1937— Nov. 


15.0 


10.2 


46.4 


9.0 


80.6 


1.2 


79.5 


33.3 


Dec. 


8.7 


4.6 


34.8 


5.0 


53.1 


.8 


52.3 


39.2 


1938— Jan. 


8.9 


4.1 


32.3 


4.4 


49.7 


1.2 


48.5 


32.8 


Feb. 


8.8 


3.1 


31.2 


3.9 


47.0 


.8 


46.1 


24.7 


Mar. 


11.5 


5.4 


42.9 


5.3 


65.1 


.9 


64.2 


26.8 


Apr. (1) 










48.9 


5.0 


43.9 


16.3 



(1) Preliminary. 



MILLIONS OF DOLLARS 



MERCHANDISE IMPORTS: 1926-38 



MILLIONS OF DOLLARS 



1500 








1 
ANNUAL TOTALS * 




































1000 


^^ /S 




RaXaXa>QOOOv U.S.A. vV< 


SoSoooiik'*' 


TOTAL 1 


MPORTS 


OTHER FORE 


ign — \ ^jiillooSS 


ii* * 


500 
















































































^-^---"-"^ % OTHER BRITISH 






























^H 1 U 


r^^B__ 






















1500 



1000 



500 



1926 



1927 



1928 



1929 



1930 



1931 



1932 



1933 



1934 



1936 



1937 1938 



* RUNNING 12 MONTH TOTALS 1036-36. + APRIL FIGURE PRELIMINARY. 



MAY 1938 



83 



Millions of Dollars 



IX— EXTERNAL TRADE: MERCHANDISE EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 







Merchant! 


ise (Excluding Gold) 




Non- Monetary Gold 


Tola! Exports 


















including Non- 




TO 


Total 


TO 


Net Increase 

in Gold 
Earmarked 


Monetary and 
Earmarked 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


U.S.A. 


All Other 


Gold 


Calendar Year Totals 




















1926 


459 


96 


458 


248 


1,261 


14 


- 


- 


1,275 


1929 


290 


105 


493 


264 


1,152 


36 


- 


- 


1,189 


1932 


178 


39 


159 


114 


490 


61 


- 


- 


550 


1933 


211 


44 


168 


106 


529 


25 


54 


- 


609 


1934 


270 


65 


219 


95 


649 


83 


27 


— 


759 


1935 


304 


74 


262 


86 


725 


101 


15 


- 


842 


1936 


395 


84 


334 


124 


938 


74 


12 


47 


1,070 


1937 


402 


104 


360 


131 


997 


111 


14 


20 


1,143 


12 Months Ending 




















Mar. 1938 


407 


108 


332 


129 


977 


103 


32 


22 


1,133 


Monthly Totals 




















1936— Nov. 


50.7 


8.5 


33.0 


15.3 


107.4 


13.5 


- 


- 


121.0 


Dec. 


37.3 


7.4 


35.0 


13.7 


93.3 


4.7 


- 


6.8 


104.9 


1937— Jan. 


30.3 


8.0 


28.1 


10.3 


76.7 


5.6 


- 


4.6 


86.8 


Feb. 


23.6 


6.5 


25.3 


8.7 


64.0 


10.8 


- 


- 


74.8 


Mar. 


30.0 


9.0 


33.9 


10.4 


83.4 


5.0 


- 


2.5 


90.9 


Apr. 


19.5 


7.2 


25.5 


6.3 


58.5 


7.0 


- 


- 


65.5 


1937— Nov. 


49.1 


9.9 


27.9 


13.8 


100.7 


3.4 


3.4 


5.3 


112.8 


Dec. 


31.2 


8.1 


25.6 


10.2 


75.1 


3.5 


10.3 


2.7 


91.5 


1938— Jan. 


33.6 


9.0 


20.0 


7.7 


70.3 


3.7 


7.3 


- 


81.3 


Feb. 


27.3 


7.7 


16.8 


7.8 


59.6 


3.4 


7.7 


- 


70.8 


Mar. 


27.8 


10.6 


22.7 


12.3 


73.3 


5.6 


2.8 


9.3 


91.0 


Apr. ' 










50.9 


2.8 


2.0 


4.6 


60.2 



(1) Preliminary. 



MILLIONS OF DOLLARS 



1500 



MERCHANDISE EXPORTS : 1926-38 



MILLIONS Or DOLLARS 



1500 



1000 



500- 



ANNUAL TOTALS 




1000 



500 



1926 1927 1928 1929 1930 1931 

• RUNNING 12 MONTH TOTALS 1936-39. * APRIL HGURCS ARC PRCLIMINARY 



1934 



1935 



1936 



1937 



1936 



84 



MAY 1938 



Millions of Kilowatt Hours 



X— OUTPUT OF CENTRAL ELECTRIC STATIONS 

Dominion Bureau of Statistics and Bank of Canada 





Output of Central Electric Stations 


Exports 


Deliveries 

to 
Electric 
Boilers 


Losses 
(Estimated) 


Firm 
Power 
Consump- 
tion 
(Estimated) 


Daily Average 


Generated 

by 

Water 


Generated 

by 

Fuel 


Total 


1926 


32.6 


.5 


33.1 


4.1 


2.7 


4.4 


22.0 


1929 


48.5 


.7 


49.2 


4.0 


5.9 


6.8 


32.5 


1932 


43.0 


.9 


43.9 


1.8 


7.8 


6.3 


28.0 


1933 


46.6 


.9 


47.5 


2.7 


9.9 


6.7 


28.2 


1934 


57.0 


1.0 


58.0 


3.4 


14.1 


8.2 


32.3 


1935 


63.1 


1.1 


64.1 


3.7 


17.0 


9.1 


34.3 


1936 


68.2 


1.2 


69.4 


4.3 


19.0 


9.8 


36.3 


1937 


74.2 


1.4 


75.6 


5.1 


20.0 


10.6 


39.9 


12 Months Ending 
















Apr. 1938 


72.7 


1.3 


74.1 


4.9 


18.2 


10.4 


40.6 


1936— Nov. 


74.0 


1.4 


75.4 


4.2 


21.8 


10.7 


38.7 


Dec. 


73.7 


1.4 


75.0 


4.1 


22.0 


10.6 


38.3 


1937— Jan. 


73.4 


1.3 


74.8 


4.4 


22.8 


10.6 


37.0 


Feb. 


75.3 


1.4 


76.7 


4.9 


23.7 


10.8 


37.3 


Mar. 


76.5 


1.3 


77.8 


5.6 


22.8 


10.8 


38.6 


Apr. 


76.2 


1.2 


77.4 


5.5 


21.6 


10.8 


39.6 


1937— Nov. 


78.9 


1.6 


80.5 


4.9 


21.0 


11.3 


43.3 


Dec. 


77.7 


1.6 


79.3 


5.1 


21.6 


11.1 


41.4 


1938— Jan. 


72.3 


1.2 


73.6 


5.1 


18.4 


10.3 


39.9 


Feb. 


72.2 


1.3 


73.5 


4.4 


17.9 


10.4 


40.8 


Mar. 


71.7 


1.2 


72.8 


4.6 


17.4 


10.2 


40.6 


Apr. 


67.7 


1.1 


68.8 


4.5 


15.0 


9.6 


39.6 



ELECTRIC POWER CONSUMPTION 



MILLIONS OF KILOWATT HOURS 

50 ( ANNUAL AVERAGE OF DAILY FIGURES 



MILLIONS OF KILOWATT HOURS 
MONTHLY AVERAGE OF DAILY FIGURES 50 




1926 '27 



MAY 1938 



85 



Millions of Acres 



XI— WHEAT: ACREAGE AND YIELD 

Stanford University Wheat Studies 
ACREAGEt 





Canada 


U.S.A. 


Argentina 


Australia 


Danubian 
Countries 


France 


Italy 


Germany 


Spain 


World* 


1908 


6.6 


46.8 


15.0 


5.3 


20.5 


16.2 


11.8 


4.7 


9.3 


179.1 


1913 


11.0 


50.2 


16.3 


9.3 


19.2 


16.2 


11.7 


4.9 


9.6 


199.8 


1918 


17.5 


59.2 


17.0 


8.0 


18.7 


10.9 


10.8 


3.7 


10.2 


213.7 


1923 


21.9 


56.9 


17.2 


9.5 


18.2 


13.7 


11.6 


3.7 


10.5 


219.5 


1928 


24.1 


59.2 


22.4 


14.8 


21.9 


13.0 


12.3 


4.3 


10.6 


254.0 


1933 


26.0 


49.4 


18.0 


14.9 


22.7 


13.5 


12.6 


5.7 


11.2 


250.1 


1934 


24.0 


43.4 


17.2 


12.5 


22.4 


13.4 


12.3 


5.4 


11.4 


242.4 


1935 


24.1 


51.2 


11.7 


12.0 


23.7 


13.3 


12.4 


5.2 


11.3 


246.6 


1936 


25.3 


48.8 


15.9 


12.3 


22.7 


12.7 


12.7 


5.1 


10.8 


247.1 


1937 


25.6 


68.2 




13.7 




12.1 


12.8 


4.9 


9.9 




1938 


24.7 (2 ' 





















Bushels per 


Acre 








YIELD 












1908 


17.0 


14.0 


10.4 


11.9 


16.3 


19.5 


14.3 


29.7 


12.9 


13.0 


1913 


21.0 


15.2 


6.4 


11.1 


19.1 


19.8 


18.3 


35.1 


11.7 


14.6 


1918 


10.8 


15.6 


10.6 


9.5 


12.0 


20.7 


17.0 


25.0 


13.3 


12.6 


1923 


21.7 


13.3 


14.5 


13.1 


16.8 


20.2 


19.5 


29.1 


15.0 


15.7 


1928 


23.5 


15.4 


15.6 


10.8 


19.7 


21.7 


18.6 


33.2 


11.6 


15.9 


1933 


10.8 


11.2 


15.9 


11.9 


20.1 


26.8 


23.7 


35.9 


12.4 


15.2 


1934 


11.5 


12.1 


14.0 


10.6 


13.9 


25.3 


19.0 


30.6 


16.4 


14.4 


1935 


11.7 


12.2 


12.1 


12.1 


16.0 


21.5 


22.9 


33.0 


14.0 


14.4 


1936 


9.1 


12.8 


15.7 


12.2 


18.9 


20.1 


17.7 


31.6 


11.3 


14.2 


1937 


7.1 


13.0 




11.9 


18.9 (3) 


20.3 


23.1 


33.1 


13.6 





t Mainly harvested acreage. * Excludes U.S.S.R., China, Iran, Iraq, and various countries producing under 1 million bushels a year. (1) 1908-1918 Bulgaria, 
Roumania, Austria, Hungary, Bosnia-Herzegovina, and Serbia. 1923-1937 Bulgaria, Roumania, Austria, Hungary, Czechoslovakia, and Yugoslavia. 
(2) Dominion Bureau of Statistics Preliminary estimate of sown acreage. (3) Excluding Yugoslavia. 

WHEAT •• CANADA ■• ACREAGE AND AVERAGE YIELD = 1908-38 




I90e 1913 

• OB 3. PRELIMINARY ESTIMATE FOR 1936 



1918 



1923 



1928 



1933 



1938 



JUNE 1938 



86 



MILLIONS OF DOLLARS 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 



450 



400 




MAR JUNE DEC. MAR JUNE 

1938 1936 




87 



Millions of Dollars 



JUNE 1938 
I— BAN( 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Assets 
or 
Liabilitii 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


322.0 


1937-12 Mths. 


49.8 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


372.2 


1937— May 


46.4 


193.4 


239.8 


22.0 


1.0 


84.5 


13.0 


360.3 


June 


45.5 


190.3 


235.8 


19.8 


.6 


86.4 


13.4 


355.9 


July 


49.5 


182.8 


232.3 


13.2 


.6 


87.0 


12.6 


345.7 


Aug. 


51.4 


175.3 


226.7 


24.1 


.8 


92.3 


13.3 


357.2 


Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381.8 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.7 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.6 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.5 


1938— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386.7 


Feb. 


51.6 


193.7 


245.3 


21.6 


2.4 


98.6 


13.3 


381.3 


Mar. 


49.6 


193.2 


242.8 


23.4 


2.6 


100.0 


13.6 


382.4 


Apr. 


52.8 


190.7 


243.5 


20.3 


2.7 


101.9 


13.8 


382.2 


May 


54.9 


193.3 


248.2 


16.4 


2.8 


102.1 


14.4 


383.9 


Wednesdays 

June 1 


51.5 (2) 


185.8 


237.3 (2) 


73.2 


2.8 


103.4 <2) 


18.6 


435.3 


8 


52.0 (2) 


188.7 


240.7 (2) 


40.9 


2.1 


102.7 G) 


14.0 


400.4 


15 


53.0 <2) 


191.9 


244.9 ,2) 


36.6 


1.8 


101.8 (2) 


14.6 


399.8 


22 


53.1 (2) 


192.8 


245.9 <2) 


40.7 


2.0 


100.7 (2) 


14.4 


403.6 



(1) Includes "Other Securities". 



(2) Estimates. 



CHARTERED BANKS: CASH IN CANADA AND CANADIAN DEPOSITS: 1927-38 



$ MILLIONS 

250 



8 BILLIONS 




1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 

* UNTIL MARCH 1935 : COLD AND COIN IN CANADA. DOMINION NOTES AND VrEE'c.G.R. DEPOSITS I AFTER THAT DATE: BANK Of CANADA NOTES AND DEPOSITS. 



JUNE 1938 

I CANADA 



88 



Millions of Dollars 



ASSETS 








Reserve 








Securities 




Advances 


All 

Other 

Accounts 




Gold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total" » 
























Average of 






















Wednesday Figures 


54.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


79.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12Mths: 


82.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12Mths. 


88.2 


2.4 


14.1 


204.7 


58.96 


47.7 


101.3 


149.0 


— 


6.5 


May— 1937 


83.5 


2.5 


21.9 


207.9 


60.70 


39.5 


100.2 


143.7 


- 


4.3 


June 


81.0 


2.5 


18.2 


201.7 


60.56 


33.6 


96.2 


139.8 


- 


4.2 


July 


79.5 


2.5 


23.7 


205.8 


59.83 


40.9 


94.2 


145.6 


- 


5.8 


Aug. 


.79.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


- 


4.7 


Sept. 


.79.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. 


.79.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


- 


6.1 


Nov. 


.79.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


79.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan.— 1938 


80.0 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


80.2 


3.0 


22.3 


205.5 


55.72 


119.3 


41.5 


173.1 


- 


3.8 


Mar. 


80.7 


1.8 


21.5 


204.0 


55.37 


116.3 


41.5 


170.1 


2.8 


5.4 


Apr. 


81.3 


.4 


24.4 


206.1 


55.78 


120.7 


39.0 


170.9 


— 


7.0 


May 

Wednesdays 


81.7 


- 


32.1 


213.8 


51.30 


112.6 


51.0 


173.2 


- 


48.3 


June 1 


82.1 


- 


39.9 


222.0 


57.46 


113.7 


52.5 


173.9 


- 


4.5 


8 


§2.1 


- 


39.0 


221.1 


57.40 


113.3 


51.9 


172.7 


- 


6.0 


15 


81.8 


— 


46.1 


227.8 


58.53 


113.0 


51.9 


169.9 


— 


5.8 


22 



CHARTERED BANKS : RATIOS: TOTAL LOANS AND TOTAL SECURITIES TO TOTAL DEPOSITS : 1927- 38 



100% 



80% 



60% 



40% 



20% 




100% 



80% 



60% 



40% 



20% 



1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 



89 



JUNE 1938 



Millions of Dollars 



II— CHARIj 

Bank i 





LIABILITIES 






Notes 


Deposits 


Cash 

in 
Canada' 31 


Securities 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits"' 


Foreign 


Total 

Deposits' 2 ' 


DOM. -PROV. 


Othei 




Short 


Long 


Average of 
Month-end Figures 

1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


189 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


214 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


183 


1935 


126 


569 


1,445 


65 


2,104 


348 


2,476 


216 


407 


454 


183 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


256 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


307 


End of 

1937— May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


306 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


305 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


305 


Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


328 


Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


326 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


317 


Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,825 


268 


425 


660 


3oe 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


301 


1938— Jan. 


98 


640 


1,591 


84 


2,360 


399 


2,783 


251 


447 


690 


297 


Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 


30CI 


Mar. 


100 


648 


1,623 


67 


2,379 


399 


2,808 


242 


459 


685 


294 


Apr. 


100 


687 


1,631 


96 


2,445 


398 


2,884 


243 


461 


694 


301 


May 


97 


670 


1,625 


107 


2,438 


404 


2,880 


241 


448 


700 


301 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS = CURRENT LOANS TO THE PUBLIC IN CANADA: 1926-38 



MILLIONS OF DOLLARS 



MONTH-END FIGURES 



MILLIONS OF DOLLARS 



1400 



1200 



1000 



750 



700 









~~\ 


\S 


// *^l»37 






* 


1 1 


, 


l + 



750 



700 



1000 



1926 



1927 



1928 



1929 



1930 



1932 



1933 



1934 



1935 



1936 



1937 



1936 



JUNE 1938 



90 



ED BANKS 

mada 



Millions of Dollars 



ASSETS 




Loans 


Total 




CANADA 


ABROAD 


Total 


Call 


Current 
Public 


Current 

Other 


Call 


Current 


Assets 


533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


1,044 


82 


829 


134 


72 


146 


2,957 


1,331 


93 


699 


121 


64 


150 


3,145 


1,426 


107 


732 


117 


68 


165 


3,317 


1,438 


117 


728 


125 


77 


161 


3,334 


1,442 


116 


728 


125 


70 


159 


3,359 


1,431 


114 


735 


117 


73 


158 


3,299 


1,446 


114 


748 


115 


75 


160 


3,326 


1,446 


100 


771 


112 


64 


172 


3,340 


1,411 


82 


770 


121 


53 


173 


3,299 


1,391 


87 


768 


116 


52 


159 


3,293 


1,411 


76 


749 


113 


60 


166 


3,281 


1,434 


72 


731 


107 


51 


168 


3,239 


1,440 


70 


737 


114 


51 


169 


3,245 


1,438 


63 


752 


118 


51 


169 


3,266 


1,456 


64 


770 


136 


50 


160 


3,337 


1,449 


66 


769 


130 


58 


162 


3,332 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




in 
Canada* 3 ' 


Deposits' 4 ' 


Deposits in 


Note 






Canada 


Circulation' 5 ' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


239 


2,383 


10.0 


195 


May— 1937 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 


245 


2,325 


10.5 


196 


Feb. 


242 


2,331 


10.4 


199 


Mar. 


240 


2,382 


10.1 


203 


Apr. 


247 


2,401 


10.3 


199 


May 



) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
) Chartered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANK HOLDINGS OF DOM. AND PR0V. SECURITIES : 1926-38 



MILLIONS OF DOLLARS 



MONTH-END FIGURES 



MILLIONS OF DOLLARS 



1000 




1926 1927 

* DIRECT ANO GUARANTEED 



1926 



1929 



1930 



1931 



1932 



1933 



1934 



1935 



1936 



1937 



1938 



91 



JUNE 1938 



III— SECURITY PRICES 

Bank of Canada 









Dominion of Canada Bonds Payable 


in Canada Only 














Middle Prices and Yields 








Average of 
Working Days 


4%% due Nov. 1, 


3% due 


une 1, 


5% due < 


Dct. 15, 


2V 2 % due 


June 1, 


lM%due 


June 1, 




1948-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


(l) 

100.75 


(1) 
1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


100.16 


1.45 


June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


100.35 


1.38 


July 


109.99 


3.43 


96.61 


3.25 


112.25 


2.85 


101.56 


2.22 


100.38 


1.36 


Aug. 


110.54 


3.37 


97.19 


3.21 


112.35 


2.80 


101.62 


2.20 


100.45 


1.33 


Sept. 


110.44 


3.37 


96.99 


3.22 


111.97 


2.84 


101.29 


2.26 


100.05 


1.48 


Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. 


111.42 


3.23 


98.17 


3.14 


113.38 


2.46 


102.12 


2.07 


100.68 


1.20 


Mar. 


111.85 


3.18 


98.55 


3.11 


113.84 


2.35 


102.50 


1.99 


100.84 


1.11 


Apr. 


112.15 


3.14 


99.54 


3.04 


113.89 


2.32 


102.62 


1.96 


101.03 


1.01 


May 


112.84 


3.06 


99.91 


3.01 


114.51 


2.18 


103.32 


1.81 


101.30 


.86 


June <2> 


112.87 


3.04 


99.50 


3.04 


114.76 


2.11 


103.57 


1.75 


101.37 


.80 



(1) Average July 1 - Dec. 31. (2) Average June 1 - 25. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS'- CANADA, U.K. & U.S.A.: 1927-38 



20% 



30% 



40% 



50% 




1933 



1934 



1935 



1936 



1937 



60% 



1927 1928 1929 1930 1931 1932 

■(•Canada: Based on D.B.S. Index of Long Term Government Bond Yields. U.K.: 3)4% "Conversion" due Oct. 1, 1961 and after. 
U.S.A.: average of yields of all outstanding U. S. Treasury Bonds due or callable after 8 years. 



1938 



20% 



30% 



40% 



50% 



60% 



* Differing coupon rates and maturity provisions, and the fact that the U.S. Trea: 



JUNE 1938 



92 



III— SECURITY PRICES 

Bank of Canada 









Government Bonds 






Treasury Bills 


Average of 
Working Days 






Middle Prices and Yields 




Average 


Yield of Successful 
Tender sW 


Canada* t 


U. K.*t<" 


U.S.A.* t 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


9 Months 


1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 


1937 


103.37 


3.34 


101.15 


3.42 


102.61 


2.73 


.719 


.547 


.509 


1937— May 


102.29 


3.43 


101.85 


3.37 


101.53 


2.81 


.715 


.509 


.685 


June 


103.09 


3.36 


100.36 


3.47 


101.52 


2.81 


.643 


.701 


.572 


July 


103.30 


3.34 


99.36 


3.52 


102.04 


2.77 


.632 


.504 


.514 


Aug. 


103.87 


3.29 


99.47 


3.52 


102.00 


2.77 


.636 


.523 


.459 


Sept. 


103.72 


3.30 


99.51 


3.52 


101.35 


2.82 


.632 


.496 


.584 


Oct. 


102.83 


3.37 


100.19 


3.49 


101.48 


2.81 


.696 


.538 


.362 


Nov. 


103.02 


3.35 


101.43 


3.39 


102.06 


2.76 


.816 


.509 


J43 (3) 


Dec. 


103.91 


3.28 


101.37 


3.40 


102.78 


2.71 


.761 


.688 


J24 w 


1938— Jan. 


104.34 


3.23 


102.12 


3.35 


103.33 


2.66 


.726 


.500 


JU m 


Feb. 


104.80 


3.18 


102.68 


3.31 


103.43 


2.65 


.648 


.504 


.078'" 


Mar. 


105.20 


3.14 


100.93 


3.42 


103.57 


2.64 


.524 


.506 


.070 (5) 


Apr. 


105.85 


3.09 


101.44 


3.39 


103.68 


2.63 


.503 


.512 


.061 i5) 


May 


106.38 


3.03 


101.48 


3.39 


105.04 


2.52 


.471 


.504 


.027® 


June <6) 


106.19 


3.04 


101.73 


3.37 


105.19 


2.51 


.465 


.574 


.016 (i) 



* Average of two long term issues for each country. 
t See note * on page 91. 

(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) On (or nearest to) ISth of each month. (3) 120 days. (4) 96 days. (5) 91 days. (6) Average June 1-25 for Bond Prices & Yields. 



LONG TERM DOMESTIC GOVERNMENT BONO YIELDS : CANADA, U.K. & USA. 1937-38 



DAILY OPENING QUOTATIONS 



2-4% 



2 6% 



28% 



30% 



32% 



34% 



36% 



3-8% 




2 4% 



2-6% 



28% 



3 0% 



32% 



34% 



3 6% 



38% 



s are exempt from "normal" income tax, vitiate any direct comparison of absolute yield levels. 



93 



JUNE 1938 



IV— PUBLIC FINANCE: DOMINION GOVERNMENT J 

Receipts and Asset or Debt Decreases are in black. Disbursements and Asset or Debt Increases are in red. 

Compiled from Dominion Public Accounts and Budget Speeches 



Millions of Dollars 



Ordinary Revenue 

Income Tax 

Sales Tax 

Other Excise Taxes 

Excise Duties 

Customs Import Duties 

Post Office Dept 

Interest on Investments 

Tax on Gold 

All Other Ordinary Revenue 

Total (1) 

Ordinary Expenditure 

Interest on Public Debt 

Cost of Loan Flotations' 

Subsidies to Provinces 

Interim Grants to Provinces 

Old Age Pensions Subventions to Provs. 

National Defence Dept 

Soldiers' Pensions and After-Care 

Public Works Dept 

Post Office Dept 

Annuities Reserve Payment 

All Other Ordinary Expenditure 

Total 

Other Expenditure 

Unemployment & Agricultural Relief 00 . . 

C.N.R. Deficit 

Other Deficits & Non-Active Loans ' .... 
Capital Expenditure (Net) 

Total Expenditure (2) 

Wheat and Oats Operations (3) 

Special Revenue (4) 

Excess of Expenditure over Revenue 

(Net of Items 1 to 4) 

Write-Down of Active Assets to Net Debt 
Increase in Net Debt ( = Deficit) 

Inc. or Dec. in Active Assets 

Loans to Provinces re Relief 

Loans to Can. Farm Loan Board 

Loans to National Harbours Board 

Loans to C.N.R 

Other Loans & Investments (Net) ...... 

Unamortised Debt Discount & Com'n . . 
Cash, and Current Accounts 

Inc. or Dec. in Total Direct Debt less S.F. 



During Fiscal Years Ending March 31 



1933 



62.1 
56.8 
25.4 
37.8 
70.1 

30.9 

11.2 

10.9 
305.2 



135.0 
1.6 

13.7 
1.6 

11.5 

13.8 
54.7 
13.1 
31.6 
.3 
76.3 
353.2 



36.7 

62.1 

5.0 

8.5 

465.5 

1.8 
4.5°" 

157.6 



03.0 o) 



220.6 



15.6 
.9 

21.2 (0) 
26.4 (0) 



3.4 
52.0 



141.1 



1934 



61.4 
61.4 
45.2 
35.5 
66.3 

30.9 

11.1 

11.0 
322.8 



139.7 
2.6 

13.7 
1.6 

12.3 

13.5 
52.5 
10.8 
30.6 
.2 
73.0 
350.5 



35.9 

59.0 

3.1 

6.5 

455.0 



131.8 



1.7 



133.5 



13.1 

.4 

1.7 

2.6 

2.7 

4.9 

.5 



153.0 



1935 



66.8 
72.4 
39.7 
43.2 
76.6 

31.3 

11.0 

3.6 

12.4 

357.0 



138.5 

2.9 

13.8 

1.6 

14.9 

14.2 

53.4 

9.9 

30.3 

.1 

78.6 

358.2 



60.7 

48.4 

1.7 

7.0 

476.0 



3.4 (k) 
115.6 



.o 



116.1 



22.9 
.4 
.4 

16.6 

1.0 

8.7 
9.9 



174.0 



1936 



82.7 
77.6 
35.2 
44.4 
74.0 

32.5 

10.6 

1.4 

12.2 

370.6 



134.5 
3.6 

13.8 
4.0 

16.8 

17.2 
53.9 
12.9 
31.4 
.3 
82.6 
371.0 



79.4 

47.4 

3.5 

6.5 

507.8 

22.6 
.3 

159.5 



160.0 



42.3 
7.9 
1.4 
3.7 

4.6 

5.8 

.3 



226.0 



1937 



102.4 

112.8 

39.6 

46.0 

83.8 

34.3 

11.2 

13.9 
444.0 



137.4 

3.8 

13.7 

3.2 

21.1 

22.9 
54.6 
14.5 
31.9 
.5 
82.5 
386.1 



78.0 

43.3 

.9 

2.9 

511.2 

8.0 
.5 

58.7 



19.2 (r) 
77.9 

3.0 W 
11.0 
.3 

4.6 

8.5 
4.4 
6.9 



110.6 



1938<*> 



(Preliminary) 

120.4 

138.1 

42.8 

52.0 

93.5 

35.6 
13.1 

14.8 
510.3 



132.1 

4.6 

13.7 

7.5 

28.7 

32.8*) 
54.4 
12.4 
33.8 
5.0 
86. 0*" 
411.0 



68.5 

42.3 
2.5 

2.8 

527.1 



3.0° 



13.8 



13.8 



16.3 
3.8 
1.9 

27.4 

1.2 
1.6 

26.4 <8) 



15.2 (s> 



1939(a) 



(Estimates) 

138.0 

125.0 

39.0 

51.0 

82.0 

35.0 

13.5 

15.2 
498.7 



127.1 
5.1 

13.7 
5.5 

30.5 

36.0 

57.3 

18.3 

36.5 
* 

92.2 
422.2 



49.3 

42.0 
5.4 
5.7 

524.6 

* 
3.0 

22.9 



22.9 

* 
* 
* 
* 

* 
* 

* 



t Certain adjustments have been made in the published figures in order to place them on a comparable basis during the period under review, (a) As given in the 
1938 Budget Speech, (c) Chiefly amortization of discount on issues sold since 31st March. 1930. (e) Expenditures of some S3 mm. on Civil Aviation were 
transferred from Dept. of National Defence to Dept. of Transport in 1937/38. (h) Consists of Dominion expenditure on relief works, relief camps, direct 
relief and agricultural aid whether administered through its own, provincial or municipal agencies. (i) Deficits of and Non-Active Loans to Canadian National 
Steamships, National Harbours Board and Trans Canada Air Lines. Non-active loans to theC. P. R. in 1932/3 and 1933/4 totalling $2.4 mm. for relief purposes are 
also included, (k) Chiefly re war reparations, (n) Chiefly refunds on relief account, (o) The write-down includes $41.1 mm. from loans to C.N.R. and $21.8 
mm. from loans to Harbours Board, (r) The write-down includes $18.5 mm. from relief loans to provinces. (s) Cash held in suspense re 1938 London loan 
($9mm.) has been deducted from Cash and, on the following page, has been excluded from All Other Liabilities. *No estimates available. 



JUNE 1938 



94 



IV— PUBLIC FINANCE : DOMINION GOVERNMENT J 
Debt Decreases are in black. Debt Increases are in red. 

Compiled from Dominion Public Accounts and Budget Speeches 



Increases or Decreases 


During Fiscal Years Ending March 31 


Millions of Dollars 


1933 


1934 


1935 


1936 


1937 


1938 (a > 


Dominion Direct Debt 

Treasury Bills and Notes (c> 

Other Funded Debt less Sinking Fund 


115.0 
19.0 


104.4 
35.4 


98.7 
6.3 


14.8 

214.4 


78.3 
152.0 

73.7 

78.4 

83.1 

84.1 

3.7 

21.5 
4.8 

10.6 


(Preliminary) 

50.0 

82.5 






Total Funded Debt less Sinking Fund 


134.0 


139.8 


105.0 

72.2 
7.3 

40.1 

11.9 
5.0 
51.5" 

.6 


199.6 

130.8 

73.4 

.9 

3.7 

19.5 
4.9 

2.0 


32.5 






Of which: Payable in Canada only 


132.7 

44.9 

40.0 

3.6 

2.6 
5.8 

1.3 


70.6 

69.2 

5.9 
5.1 

2.2 


23.7 


New York only 


.1 


Can. or N.Y 


4.9 


London only 


3.8 


Government Annuities 


15.7 


Insurance, Retirement and Sup'n Funds 

Fiduciary Note Issue 


4.7 


All Other Liabilities 


3.1 (8) 






Total Direct Debt less Sinking Fund 


141.1 


153.0 


174.0 


226.0 


110.6 


15.2 W 






Inc. or Dec. in Cash and Current Assets 


52.0 
193.1 

4.4 


.5 
153.5 

2.9 


9.9 
164.1 

6.0 


.3 
225.7 

7.2 


6.9 
103.7 

8.8 


26.4 <3) 


Total Direct Debt less S.F. and Cash Assets 

Dominion Guaranteed Bonds 


11.2 

47.3 






Total — Direct and Guaranteed Debt 


188.7 


150.6 


158.1 


232.9 


112.5 


58.5 





C.N.R. Bonds Not Guaranteed by Dominion, 
less all C.N.R. Sinking Funds (o) 



7.8 



9.0 



10.8 



5.2 



13.4 



11.1 



J, (a) and (s) — See corresponding notes on page 93. (c) Includes all bonded debt originally issued for a term of three years or less, (e) Under terms of Dominion 
Notes Act as amended in June 1934. (o) Calendar year figures adjusted by known issues and redemptions to an approximate fiscal year basis. 



PUBLIC FINANCE : DOMINION GOVERNMENT : 1933-39 



MILLIONS Or DOLLARS 



FISCAL YEARS ENDING MARCH 31 



MILLIONS OF DOLLARS 




1933 1934 1935 1936 1937 1938 

*As given in the accompanying tables. fBudget estimates; no estimate of Direct and G't'd Debt Increase is available. 



1939 t 



95 



JUNE 1938 



V— STOCK EXCHANGE STATISTICS 

MONTREAL AND TORONTO STOCK EXCHANGES 

Stock Exchange Bulletins 





Member Borrowings 
on Canadian Collateral 


Market Value of 
All Listed Stocks 


Common Stock Price Indexes 


Value of Shares 
Traded during Month 




Toronto Stock 
Exchange 


Montreal Stock 
Exchange 




Millions of Dollars 


Millions 


of Dollars 


July- Dec. 


1933 = 100 


1926 


= 100 


Millions 


of Dollars 




Toronto 


Montreal 


Total 


(l) 
Toronto 


(1) 
Montreal 


20 

Golds 


10 
Base Metals 


20 

Industrials 


10 

Utilities 


(l) 
Toronto 


(tt 

Montreal 


(2) 

1936— Low 


21.8 


16.1 


39.7 


4,713 


4,711 


116 


67 


70 


67 


* 


39 


High 


40.2 


33.4 


73.6 


5,912 


6,158 


156 


115 


109 


86 


* 


90 


(2) 

1937— Low 


27.8 


17.5 


45.3 


4,565 


4,838 


96 


64 


73 


66 


26 


20 


High 


46.7 


43.8 


86.1 


6,416 


6,787 


169 


137 


120 


90 


96 


94 


Month-end. 
























1937— May 


39.9 


37.1 


77.0 


5,746 


6,027 O) 


120 


100 


107 


77 


42 


36 


June 


38.6 


37.5 


76.1 


5,544 


5,969 


113 


96 


103 


78 


33 


25 


July 


39.7 


37.7 


77.4 


5,831 


6,339 


120 


106 


109 


82 


26 


26 


Aug. 


43.1 


38.9 


82.0 


5,787 


6,270 


122 


107 


108 


80 


29 


27 


Sept. 


34.5 


26.4 


60.9 


5,088 


5,572 


115 


82 


86 


74 


44 


45 


Oct. 


28.4 


18.0 


46.4 


4,816 


5,124 


115 


75 


80 


71 


51 


39 


Nov. 


28.5 


18.1 


46.6 


4,565 


4,838 


116 


69 


74 


66 


37 


23 


Dec. 


27.8 


17.5 


45.3 


4,635 


4,884 


120 


73 


73 


67 


33 


20 


1938— Jan. 


27.4 


17.1 


44.5 


4,849 


4,999 


124 


79 


77 


66 


37 


21 


Feb. 


27.8 


17.1 


44.9 


4,964 


5,123 


122 


83 


78 


65 


38 


17 


Mar. 


22.2 


14.2 


36.4 


4,086 


4,263 


103 


64 


61 


60 


49 


25 


Apr. 


22.4 


13.6 


36.1 


4,519 


4,665 


113 


74 


70 


62 


30 


17 


May 


23.0 


13.6 


36.6 


4,389 


4,583 


113 


73 


68 


62 


26 


15 



( 1) Including Curb Market. (2) Monthly figures except in the case of Common Stock Prices where daily figures were used. * Not available. (3) Revised. 



COMMON STOCK PRICES : CANADA. U.K. AND U.S.A.'. 1936-38 



RATIO SCALE 




JJASONDJ FMAMJ JASONDJFMA 
1936 1937 1938 

(1) Toronto Stock Exchange Index of 20 Ind. Stocks July-Dec. 1933= 100 and Montreal Stock Exchange Index of 20 Ind. Stocks 1926= 100. 

(2) June 25. (3) June 16. 



JUNE 1938 



96 



VI— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 

Volume of 

Business 

Index 


PRODUCTION 


Con- 
struction 
Contracts 


Car 
Loadings 


Employ- 




Nickel 


Copper 


Steel 


Auto- 
mobiles 


News- 


Central 
Electric 


ment 
Index") 




Seasonally 
adjusted 

1926 = 100 








& Trucks 


print 


Stations 






Seasonally 
adjusted 

1926 = 100 




Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


Annual Totals^) 






















1926 


100.0 


33 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


55 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


15 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


42 


150 


410 


66 


2,022 


17,339 


97 


2,032 


84.2 


1934 


94.2 


64 


182 


758 


117 


2,605 


21,197 


126 


2,321 


96.4 


1935 


102.4 


69 


210 


942 


173 


2,765 


23,283 


160 


2,358 


99.8 


1936 


112.2 


85 


211 


1,116 


162 


3,225 


25,394 


163 


2,494 


104.0 


1937 


122.8 


112 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1937-Jan. 


116.9 


8.1 


18.6 


115.2 


19.6 


287.7 


2,318 


6.6 


192.5 


108.1 


Feb. 


115.0 


8.7 


19.2 


111.8 


19.7 


275.5 


2,147 


8.7 


186.2 


107.1 


Mar. 


118.7 


9.1 


20.9 


125.1 


24.9 


301.1 


2,412 


16.1 


214.4 


109.1 


Apr. 


124.0 


10.1 


21.0 


121.4 


17.1 


298.4 


2,323 


24.4 


207.6 


110.4 


May 


122.0 


9.2 


20.8 


120.8 


23.5 


309.2 


2,301 


24.2 


208.8 


114.3 


1938-Jan. 


111.8 


10.1 


26.2 


112.4 


17.6 


222.5 


2,280 


9.1 


187.4 


114.7 


Feb. 


106.7 


8.0 


23.4 


99.0 


16.1 


202.6 


2,058 


6.6 


179.7 


112.3 


Mar. 


108.8 


8.6 


24.0 


118.7 


16.8 


224.6 


2,258 


10.4 


199.5 


111.2 


Apr. 


112.4 <3) 


10.2 


23.9 


116.4 


18.8 


200.8 


2,064 


15.0 


184.7 


111.5 


May 


110.7 tt) 


9.3 




114.9 


18.1 


207.7 


2,082 


18.6 


191.6 


111.9 



(1) As at end of month. (2) Average of months in case of Physical Volume of Business and Employment Indexes. (3) Revised. (4) Preliminary. 



EMPLOYMENT INDEX : MAY 1937 TO MAY 1938 
PERCENTAGE INCREASE OR DECREASE FROM SAME MONTH OF PREVIOUS YEAR 




25% 



25% 



97 



JUNE 1938 



Millions of Dollars 



VII— CONSTRUCTION CONTRACTS AWARDED 

Compiled from MacLean Building Reports Limited 





Private Contracts 


Public 
Contracts 


Total 


Distribution by Areas 




Resi- 


In- 


Business 


Engin- 


Total 


Con- 


Maritime 


Quebec 


Ontario 


Western 




dential 


dustrial 




eering 


Private 














Annual Totals 
























1926 


109.6 


79.7 


84.3 


25.0 


298.5 


74.4 


372.9 


8.4 


151.9 


141.9 


70.7 


1929 


128.9 


63.0 


139.6 


99.4 


430.9 


145.7 


576.7 


20.2 


187.8 


215.8 


152.9 


1933 


23.9 


9.1 


16.2 


9.0 


58.2 


39.1 


97.3 


7.2 


32.5 


42.6 


15.0 


1934 


30.6 


8.0 


19.3 


13.1 


71.1 


54.7 


125.8 


10.0 


34.1 


63.4 


18.3 


1935 


36.4 


10.3 


19.8 


22.1 


88.6 


71.7 


160.3 


14.4 


44.5 


70.9 


30.6 


1936 


42.9 


15.0 


24.4 


29.9 


112.2 


50.4 


162.6 


17.9 


45.7 


72.4 


26.5 


1937 


56.2 


33.8 


33.4 


28.0 


151.4 


72.6 


224.1 


21.6 


71.9 


97.8 


32.8 


12 Mths. Ending 
























May 1938 


53.2 


30.2 


30.8 


29.3 


143.5 


60.3 


203.8 


15.3 


72.0 


84.1 


32.5 


Monthly Totals 
























1936-Dec. 


1.9 


.5 


1.0 


.2 


3.6 


2.5 


6.1 


.4 


2.1 


2.3 


1.2 


1937-Jan. 


2.8 


.5 


1.4 


.5 


5.2 


1.5 


6.6 


.5 


2.3 


2.9 


1.0 


Feb. 


3.0 


2.0 


2.2 


.8 


8.0 


.8 


8.7 


1.2 


2.7 


4.1 


.8 


Mar. 


3.7 


2.1 


3.7 


2.6 


12.1 


4.0 


16.1 


.6 


3.9 


8.9 


2.6 


Apr. 


6.4 


3.0 


3.4 


1.0 


13.8 


10.7 


24.4 


5.1 


4.5 


11.4 


3.4 


May 


6.5 


1.5 


3.1 


2.9 


14.0 


10.2 


24.2 


4.9 


6.2 


10.0 


3.1 


1937-Dec. 


2.7 


.4 


1.6 


2.2 


6.9 


3.8 


10.8 


.9 


5.6 


3.3 


1.0 


1938-Jan. 


2.3 


.8 


1.3 


1.3 


5.8 


3.4 


9.1 


.6 


3.8 


3.0 


1.8 


Feb. 


2.0 


.9 


1.5 


1.3 


5.6 


1.0 


6.6 


.8 


2.6 


2.2 


1.0 


Mar. 


2.1 


.3 


2.9 


2.5 


7.9 


2.5 


10.4 


1.1 


2.8 


3.8 


2.7 


Apr. 


5.3 


2.2 


2.0 


2.2 


11.6 


3.4 


15.0 


1.3 


4.2 


6.5 


3.0 


May 


7.7 


1.4 


3.5 


1.7 


14.3 


4.3 


18.6 


2.2 


6.2 


8.0 


2.3 



PRIVATE CONSTRUCTION CONTRACTS AWARDED 



MILLIONS OF DOLLARS 



RUNNING 3-MONTH TOTALS 



MILLIONS OF DOLLARS 





DJ FMAMJ JASOND 



DJFMAMJJASOND 



JUNE 1938 



98 



VIII— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau oj Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87. 1"' 


84.3 l3) 


81.2 U) 


80.5 O) 


84.6" 


Monthly 












1937-May 


87.8 


85.8 U) 


80.0 <3 > 


80.1 (3) 


85.2" 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Tan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 


Mar. 


83.0 


79.7 


81.2 


82.0 


83.1 


Apr. 


82.5 


79.0 


80.6 


81.3 


82.3 


May 


77.3 


75.8 


78.4 


79.4 


80.3 



U.K. 

Board oj Trade w 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


83.3 


89.3 


83.1 


89.3 


84.2 


90.0 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 


82.4 


84.0 


82.0 


83.2 


82.1 


82.3 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 


70.3 


73.2 


73.5 


83.4 


79.7 


68.4 


71.3 


72.3 


82.7 


78.7 


67.5 


70.7 


72.1 


82.1 


78.1 



(1) Adjusted to 1926 = 100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. 

(2) Bureau of Labour Index of Prices of Finished Products. (3) Revised. 



WHOLESALE FOOD PRICE INDEXES : CANADA. U.K. AND U.S.A.: 1936-38 



1926=100 




99 



JUNE 1938 



Millions of Dollars 



IX— EXTERNAL TRADE : MERCHANDISE IMPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Fruits. 


Sugar 


Rubber 


Petroleum 


Coal and 


Textiles 


Iron 


Machinery 


Non- 




All 


Total 




Nuts and 


and 


and 


Asphalt 


Coke 


and 


and 


and 


ferrous 






Merchandise 




Vegetables 


Products 


Products 


and 
Products 


Products 


Fibres 


Steel 


Vehicles 


Metal 
Products 


Products 


Other 


Imports (i) 


Calendar Year Totals 


























1926 


40 


38 


30 


53 


67 


184 


98 


122 


51 


31 


294 


1,008 


1929 


50 


28 


23 


78 


64 


199 


139 


203 


91 


40 


385 


1,299 


1932 


27 


17 


4 


43 


35 


69 


30 


37 


22 


28 


141 


453 


1933 


22 


16 


5 


31 


31 


70 


29 


32 


18 


24 


124 


401 


1934 


26 


17 


10 


41 


40 


84 


43 


51 


26 


28 


148 


513 


1935 


28 


19 


10 


44 


38 


85 


51 


61 


34 


30 


152 


550 


1936 


33 


21 


12 


50 


40 


99 


57 


79 


35 


32 


179 


635 


1937 


35 


21 


19 


59 


42 


115 


87 


124 


47 


37 


222 


809 


12 Months Ending 


























May 1938 (2) 


34 


22 


17 






103 


71 


122 


46 


36 




781 


Monthly Totals 


























1936— Dec. 


2.5 


1.4 


.7 


2.7 


3.6 


8.7 


4.4 


7.8 


2.7 


2.3 


16.1 


53.0 


1937— Jan. 


1.8 


.6 


1.0 


2.2 


2.9 


9.6 


4.5 


8.9 


2.9 


2.6 


15.0 


51.9 


Feb. 


2.1 


.5 


.8 


2.1 


2.8 


9.1 


4.4 


7.9 


3.1 


2.2 


13.7 


48.7 


Mar. 


3.2 


.9 


1.5 


2.6 


3.1 


13.5 


6.5 


12.1 


4.0 


3.2 


20.3 


71.0 


Apr. 


2.5 


1.1 


.9 


2.7 


3.0 


8.9 


6.4 


9.5 


3.4 


2.8 


15.7 


56.9 


May 


3.7 


1.9 


2.4 


5.4 


3.8 


10.4 


9.0 


12.9 


4.4 


3.7 


19.3 


76.7 


1937— Dec. 


2.4 


1.3 


1.3 


2.7 


3.4 


6.6 


4.9 


9.6 


3.5 


2.3 


15.3 


53.1 


1938— Jan. 


1.9 


.7 


.8 


2.4 


3.2 


8.0 


4.1 


8.7 


3.3 


2.1 


14.5 


49.7 


Feb. 


1.8 


.5 


.5 


2.1 


2.9 


8.0 


4.1 


8.2 


3.0 


2.3 


13.7 


47.0 


Mar. 


2.5 


.8 


1.0 


2.8 


3.3 


9.7 


5.3 


12.2 


3.8 


3.0 


20.6 


65.1 


Apr. 


2.3 


.9 


.6 


2.5 


1.9 


6.2 


4.4 


9.8 


2.9 


2.4 


25.0 


48.9 


May (2) 


3.5 


3.1 


1.1 






6.9 


6.3 


10.9 


3.6 


3.3 




67.1 



(1) Includes Merchandise re-exports. 



(2) Preliminary. 



MILLIONS OF DOLLARS 



MERCHANDISE TRADE BALANCE : 1925-38 



MILLIONS OF DOLLARS 



1500 



1000 



1000 




1925 1926 1927 

* INCLUDING NON-MONETARY COLD 



1929 



1931 



1934 



1935 



1936 



1938 



JUNE 1938 



100 



Millions of Dollars 



IX— EXTERNAL TRADE : MERCHANDISE EXPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Grains 
and 


Cattle 
Meat 


Butter 
and 


Furs, 
Skins and 


Non- 
Monetary 


Other 

Non- 


Lumber 
and 


Paper, 
Wood Pulp 


Machinery 
and 


Chemical 


All Other 


Total 
Merchandise 




Flour 


and Fish 


Cheese 


Raw 
Leather 


Gold(2) 


Ferrous 
Metals 


Shingles 


and 
Pulpwood 


Vehicles 


Products 




Exports(U(2) 


Calendar Year Totals 


























1926 


474 


81 


28 


34 


14 


75 


71 


188 


60 


17 


235 


1,275 


1929 


322 


65 


19 


38 


11 


144 


57 


212 


74 


22 


226 


1,189 


1932 


160 


27 


10 


14 


61 


44 


15 


110 


12 


11 


87 


550 


1933 


146 


35 


9 


18 


79 


61 


21 


101 


15 


13 


112 


609 


1934 


162 


49 


7 


20 


110 


90 


30 


120 


28 


14 


130 


759 


1935 


166 


55 


8 


23 


117 


116 


33 


129 


38 


16 


141 


842 


1936 


269 


69 


13 


28 


132 


134 


43 


150 


36 


18 


179 


1,070 


1937 


161 


85 


14 


27 


145 


195 


52 


190 


47 


22 


204 


1,143 


12 Months Ending 


























May 1938 (3) 


142 


80 


14 


21 


159 


197 


48 


177 


50 


20 


197 


1,106 


Monthly Totals 


























1936— Dec. 


28.1 


6.3 


.9 


4.3 


11.5 


10.5 


4.7 


13.6 


2.9 


1.5 


20.5 


104.9 


1937— Jan. 


14.0 


7.2 


.1 


6.5 


10.2 


11.5 


3.9 


13.3 


3.3 


1.6 


15.3 


86.8 


Feb. 


9.0 


6.8 


.1 


3.1 


10.8 


12.7 


3.1 


11.6 


3.0 


1.7 


12.9 


74.8 


Mar. 


8.6 


7.5 


.2 


3.0 


7.5 


19.3 


4.3 


15.8 


4.8 


2.7 


17.2 


90.9 


Apr. 


6.9 


5.2 


.1 


1.7 


7.0 


11.1 


2.9 


12.8 


3.8 


1.8 


12.2 


65.5 


May 


15.2 


7.4 


.4 


2.2 


14.4 


21.0 


4.4 


15.7 


3.8 


2.5 


16.6 


103.5 


1937— Dec. 


11.3 


5.9 


.4 


1.9 


16.4 


13.1 


3.1 


16.1 


3.3 


1.5 


18.4 


91.5 


1938— Jan. 


11.6 


6.5 


.1 


4.1 


11.0 


14.6 


2.9 


10.5 


4.1 


1.4 


14.4 


81.3 


Feb. 


6.0 


5.1 


.1 


2.6 


11.2 


15.0 


2.8 


9.6 


4.6 


1.6 


12.2 


70.8 


Mar. 


7.0 


6.7 


.2 


1.9 


17.6 


17.7 


3.9 


12.8 


5.3 


2.3 


15.6 


91.0 


Apr. 


3.3 


4.3 


.3 


.8 


9.3 


13.8 


2.3 


10.5 


3.2 


1.5 


10.9 


60.2 


May (3) 


6.1 


6.0 


.6 


1.3 


14.2 


16.6 


2.8 


13.0 


4.1 


2.3 


14.1 


81.2 



(1) Exports of Canadian Produce. (2) Net exports, adjusted for changes in "earmarked" gold. (3) Preliminary. 



DISTRIBUTION OF EXPORTS BY VALUE = 1927-38 



MILLIONS Or DOLLARS 



1500 



MILLIONS OF DOLLARS 

1500 



1000 



1000 




1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 

(1) Running 12-month totals in 1936-38. (2) Including grains & milled products. Fruits & Vegetables, Livestock and Meats, Dairy Products and Fish. 



101 



JUNE 193 



X— GROSS VALUE OF AGRICULTURAL PRODUCTION 

Dominion Bureau of Statistics 



Millions of Dollars 





Distribution by Areas 


Total 

Gross 

Revenue 


Value by Products 




Maritime 
Provinces 


Ontario 

and 
Quebec 


Prairie 
Provinces 


British 
Columbia 




FlEI.E 


Crops 




Dairy 
Products 


Farm 
Animal 
Products 


Other 
Agri- 




WHEAT 


Other 
Field 
Crops 


Total 
Field 
Crops 




Crop 
Mm Bush. 


Value 


cultural 
Products 


1926 
1927 
1928 


110 
98 
99 


795 

815 
810 


765 

864 
843 


45 
49 
54 


1,715 
1,826 
1,806 


407 

480 
567 


442 
478 
451 


663 
695 
674 


1,105 
1,173 
1,125 


277 
295 
298 


178 
184 
198 


155 

174 
185 


1929 
1930 
1931 


109 
85 

58 


823 

658 
454 


642 
441 
292 


57 
51 
36 


1,631 

1,235 

840 


305 
421 
321 


320 
205 
124 


629 
457 
312 


949 
662 
436 


292 
237 
191 


207 

167 
97 


183 
169 
116 


1932 
1933 
1934 


51 
59 
64 


386 
420 
487 


299 
293 
355 


31 
33 

37 


767 
805 
943 


443 
282 
276 


155 
137 
170 


298 
317 
379 


453 

454 
549 


159 

171 
184 


65 
89 
99 


90 

91 

111 


1935 
1936 
1937 


66 
75 
67 


490 
550 
549 


359 
412 
391 


37 
42 
45 


952 
1,080 
1,052 


282 
219 
182 


173 
205 
182 


339 
407 
371 


512 
612 
554 


193 
211 

228 


120 
131 

141 


127 
125 
128 



GROSS VALUE OF AGRICULTURAL PRODUCTION 
1926 = 100 Dominion Bureau of Statistics Indexes 



WHOLESALE PRICES 





1926 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 '37 '38 1926 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 '37 '38 

(1) June figure is average of weekly indexes of prices of Farm Products for June 3, 10 and 17. 



JNE 1938 



102 



£ MILLIONS 



XI— U.K. STATISTICS 

Bank of England statistics unless otherwise stated 

(.MILLIONS 1930-100 



240 



LONDON CLEARING BANKS 



220 '.A A~n — ' 

171 /I /A / 





2400 



2200 



2000 




900 



800 



700 



600 



,' 



LONDON CLEARING BANKS ' 



\," 



s 



V'**'' 



INVCSTMCNTS 





1934 1935 

«IO CLCA*lttC BANKS TO MC Mi, II 'h[>[/ 
t C1CLUDINC DISCOUNT*. IN WHICH CLAMP lb 



/N 



900 120 



800 



700 



600 




1937 1936 







JULY 1938 



103 



MILLIONS OF DOLLARS 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 





CHARTERED BANK 
CASH RESERVES 

BANK OF CANADA DEPOSITS AND 

OTES HELD 6Y CHARTERED BANKS 



a i 



DEC. MAR. JUNE SEPT DEC. MAR, JUNE SEPT. DEC 



MAR JUNE DEC. 



1936 



1937 



1938 




MAR. JUNE 

1938 



104 



JULY 1938 



Millions of Dollars 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 

Assets 
or 
Liabilitii 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


322.0 


1937-12 Mths. 


49.8 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


372.2 


1937— June 


45.5 


190.3 


235.8 


19.8 


.6 


86.4 


13.4 


355.9 


July 


49.5 


182.8 


232.3 


13.2 


.6 


87.0 


12.6 


345.7 


Aug. 


51.4 


175.3 


226.7 


24.1 


.8 


92.3 


13.3 


357.2 


Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381.8 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.7 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.6 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.5 


193S— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386.7 


Feb. 


51.6 


193.7 


245.3 


21.6 


2.4 


98.6 


13.3 


381.3 


Mar. 


49.6 


193.2 


242.8 


23.4 


2.6 


100.0 


13.6 


382.4 


Apr. 


52.8 


190.7 


243.5 


20.3 


2.7 


101.9 


13.8 


382.2 


May 


54.9 


193.3 


248.2 


16.4 


2.8 


102.1 


14.4 


383.9 


June 


53.0 


190.8 


243.8 


42.4 


2.1 


101.4 


15.1 


404.8 


Wednesdays 


















July 6 


52.6 (2) 


190.4 


243.0 (2) 


22.1 


2.1 


103.9 (2> 


13.9 


385.1 


13 


53.8 (2 > 


192.6 


246.4 (2) 


12.6 


1.9 


103.1 <2) 


13.7 


377.7 


20 


54.3 (2) 


193.8 


248.1 (2) 


13.3 


1.9 


102.2 <2) 


13.7 


379.3] 



(1) Includes "Other Securities". 



(2) Estimates. 



BANK OF CANADA NOTES AND DEPOSITS 



MILLIONS OF DOLLARS 



MILLIONS Of DOLLARS 



400 



400 




♦deposits by chartered banks only. 



JULY 1938 

F CANADA 



105 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 




Gold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total«> 




L54.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


Average of 
Wednesday Figures 

1935- 9Mths. 


L79.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12Mths: 


L82.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12Mths. 


L83.5 


2.5 


21.9 


207.9 


60.70 


39.5 


100.2 


143.7 


_ 


4.3 


June— 1937 


L81.0 


2.5 


18.2 


201.7 


60.56 


33.6 


96.2 


139.8 


- 


4.2 


July 


L79.5 


2.5 


23.7 


205.8 


59.83 


40.9 


94.2 


145.6 


- 


5.8 


Aug. 


L79.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


_ 


4.7 


Sept. 


79.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. 


L79.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


- 


6.1 


Nov. 


L79.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


79.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan.— 1938 


80.0 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


.80.2 


3.0 


22.3 


205.5 


55.72 


119.3 


41.5 


173.1 


- 


3.8 


Mar. 


80.7 


1.8 


21.5 


204.0 


55.37 


116.3 


41.5 


170.1 


2.8 


5.4 


Apr. 


81.3 


.4 


24.4 


206.1 


55.78 


120.7 


39.0 


170.9 


- 


7.0 


May 


81.9 


- 


37.7 


219.6 


56.34 


113.3 


51.9 


171.3 


- 


14.0 


June 


81.2 


_ 


29.7 


210.9 


56.82 


113.6 


52.3 


166.9 




7.3 


Wednesdays 

July 6 


81.2 


- 


23.4 


204.5 


56.18 


114.6 


52.4 


168.1 


- 


5.1 


13 


80.5 


— 


26.1 


206.6 


56.51 


114.5 


52.7 


168.2 


- 


4.5 


20 



MILLIONS OF DOLLARS 



5000 
4000 



BANK DEBITS 

RATIO SCALE 



MILLIONS Or DOLLARS 

5000 




106 



JULY 1938 



Millions oj Dollars 



II— CHART 

Bank 



Average of 
Month-end Figures 

1926 
1929 
1932 

1933 
1934 
1935 
1936 
1937 

End of 

1937— June 
July 
Aug. 

Sept. 
Oct. 
Nov. 
Dec. 

1938— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 



LIABILITIES 



Notes 



169 
178 
132 

130 
136 
126 
119 
110 

113 
113 

111 

108 
112 
107 
102 

98 
102 
100 
100 

97 
104 



Deposits 



Demand 



553 

696 
486 

489 
514 
569 
618 
691 

713 
667 
686 

714 
679 
695 
699 

640 
634 
648 
687 
670 
690 



Time 



1,341 
1,480 
1,376 

1,379 
1,373 
1,445 
1,518 
1,574 

1,570 
1,572 
1,578 

1,575 
1,584 
1,570 
1,583 

1,591 
1,615 
1,623 
1,631 
1,625 
1,621 



Dom. 
and Prov. 



53 

102 

82 

62 
66 
65 

77 
90 

96 
83 

SO 

83 
70 
86 
53 

84 
70 
67 
96 
107 
148 



Canadian 
Deposits"' 



1,958 
2,293 
1,955 

1,941 
1,966 
2,104 
2,245 
2,382 

2,430 

2,368 
2,391 

2,414 
2,372 
2,395 
2,387 

2,360 
2,361 
2,379 
2,445 
2,438 
2,484 



Foreign 



330 
418 
312 

308 
322 
348 
401 
421 

425 
427 
434 

425 
426 
413 
409 

399 
393 
399 
398 
404 
410 



Total 

Deposits' 2 ' 



2,333 
2,837 
2,322 

2,290 
2,317 
2,476 
2,668 
2,840 

2,877 
2,819 
2,848 

2,862 
2,821 
2,825 
2,819 

2,783 
2,783 
2,808 
2,884 
2,880 
2,939 



Cash 

in 

Canada'- 



197 
212 
186 

195 

203 
216 
225 
240 

233 
226 
235 

233 

247 
268 
250 

251 
236 
242 
243 
241 
242 



Securities 



DOM. -PROV. 



Short 



Long 



344 
342 
490 

627 
684 



407 
447 
445 

440 
429 
391 

404 
429 
425 
427 

447 

444 
459 
461 
448 
437 



454 
628 
674 

697 

697 

727 

716 
665 
660 
684 

690 
696 
685 
694 
700 
719 



Othei 



189 
157 
206 

214! 

183 
183! 1 
256 1 
30711 

305:1 

305 1 
32£ 1 

32C.1 

3171 

3oe i 

301 1 1 

297 
30C 
294 
301 
30] 
30( 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS ' CURRENT LOANS TO THE PUBLIC IN CANADA ■■ 1937-38 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 




JAN 



FEB 



JUNE 



AUG 



SEPT. 



NOV. 



JULY 1938 



107 



ID BANKS 

nada 



Millions of Dollars 







ASSETS 










Loans 






CANADA 


ABROAD 


Total 
Assets 


Total 


Call 


Current 

Public 


Current 

Other 


Call 


Current 


533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


,044 


82 


829 


134 


72 


146 


2,957 


,331 


93 


699 


121 


64 


150 


3,145 


,426 


107 


732 


117 


68 


165 


3,317 


,442 


116 


728 


125 


70 


159 


3,359 


,431 


114 


735 


117 


73 


158 


3,299 


,446 


114 


748 


115 


75 


160 


3,326 


,446 


100 


771 


112 


64 


172 


3,340 


,411 


82 


770 


121 


53 


173 


3,299 


,391 


87 


768 


116 


52 


159 


3,293 


,411 


76 


749 


113 


60 


166 • 


3,281 


,434 


72 


731 


107 


51 


168 


3,239 


,440 


70 


737 


114 


51 


169 


3,245 


,438 


63 


752 


118 


51 


169 


3,266 


,456 


64 


770 


136 


50 


160 


3,337 


,449 


66 


769 


130 


58 


162 


3,332 


,462 


69 


786 


135 


53 


181 


3,399 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




Canada* 31 


Deposits' 4 * 


Deposits in 


Note 






Canada 


Circulation' 5 ' 












Average of 
Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


237 


2,374 


10.0 


195 


June— 1937 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 


245 


2,325 


10.5 


196 


Feb. 


242 


2,331 


10.4 


199 


Mar. 


240 


2,382 


10.1 


203 


Apr. 


247 


2,401 


10.3 


199 


May 


243 


2,421 


10.0 


200 


June 



I Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
I Chartered Bank note circulation and Bank of Canada notes in public circulation. 

CHANGES IN CHARTERED BANK HOLDINGS OF GOVERNMENT SECURITIES, AND NEW ISSUES 

Millions of Dollars cumulative from l jan. 1936 Millions of Dol lars 

"1300 




*OF NEW ISSUES; FOR STATISTICS OF NEW ISSUES AND RETIREMENTS. SEE PAGE 110. 



1938 



108 



JULY 1938 



III— SECURITY PRICES 

Bank of Canada 









Dominion of Canada Bonds Payable 


in Canada Only 














Middle Prices 


> and Yields 








Average of 






















Working Days 


4H% due 


Nov. 1, 


3% due 


une 1, 


5% due ( 


Dct. 15, 


2V 2 % due 


June 1, 


l^%du« 


June 1 , 




1948-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


(l) 

100.75 


(1) 

1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


100.35 


1.38 


July 


109.99 


3.43 


96.61 


3.25 


112.25 


2.85 


101.56 


2.22 


100.38 


1.36 


Aug. 


110.54 


3.37 


97.19 


3.21 


112.35 


2.80 


101.62 


2.20 


100.45 


1.33 


Sept. 


110.44 


3.37 


96.99 


3.22 


111.97 


2.84 


101.29 


2.26 


100.05 


1.48 


Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. 


111.42 


3.23 


98.17 


3.14 


113.38 


2.46 


102.12 


2.07 


100.68 


1.20 


Mar. 


111.85 


3.18 


98.55 


3.11 


113.84 


2.34™ 


102.50 


1.99 


100.84 


1.11 


Apr. 


112.15 


3.14 


99.54 


3.04 


113.89 


230™ 


102.62 


1.96 


101.03 


1.01 


May 


112.84 


3.06 


99.91 


3.01 


114.51 


2.1 5 W 


103.32 


1.81 


101.30 


.86 


June 


112.86 


3.05 


99.51 


3.04 


114.76 


2.06 


103.58 


1.74 


101.36 


.80 


July™ 


112.49 


3.08 


99.27 


3.06 


113.94 


2.18 


103.23 


1.81 


101.13 


.89 



(1) Average July 1 - Dec. 31. (2) Average July 1 - 25. (3) Revised. 



YIELDS OF DOMINION GOVERNMENT BONDS : 1937-38 

PAYABLE IN CANADA ONLY 



05% 



20% 




25% 



30% 



35% 



40% 



0-5% 



10% 



15% 



20% 



25% 



30% 



35% 



40% 



JUNE JULY AUG SEPT OCT 

1937 

* AVEflA&E RATI OF SUCCESSFUL TENDERS rod NEW OfFERINGS 



JULY 1938 



109 



HI— SECURITY PRICES 

Bank of Canada 









Government Bonds 






Treasury Bills 

Three Months 






Middle Prices and Yields 




Average 


Yield of Successful 


Average of 














Tender s^ 


Working Days 


CanaHa* t 


U. K.*t») 


U.S.A 




















Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 




1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131™ 


1937 


103.37 


3.34 


101.15 


3.42 


102.61 


2.73 


.719 


.547 


.509™ 


1937— June 


103.09 


3.36 


100.36 


3.47 


101.52 


2.81 


.643 


.701 


.572™ 


July 


103.30 


3.34 


99.36 


3.52 


102.04 


2.77 


.632 


.504 


.514™ 


Aug. 


103.87 


3.29 


99.47 


3.52 


102.00 


2.77 


.636 


.523 


.459™ 


Sept. 


103.72 


3.30 


99.51 


3.52 


101.35 


2.82 


.632 


.496 


.584™ 


Oct. 


102.83 


3.37 


100.19 


3.49 


101.48 


2.81 


.696 


.538 


.362 w 


Nov. 


103.02 


3.35 


101.43 


3.39 


102.06 


2.76 


.816 


.509 


.143 w 


Dec. 


103.91 


3.28 


101.37 


3.40 


102.78 


2.71 


.761 


.688 


J24 w 


1938— Jan. 


104.34 


3.23 


102.12 


3.35 


103.33 


2.66 


.726 


.500 


All 


Feb. 


104.80 


3.18 


102.68 


3.31 


103.43 


2.65 


.648 


.504 


.078 


Mar. 


105.20 


3.14 


100.93 


3.42 


103.57 


2.64 


.524 


.506 


.070 


Apr. 


105.85 


3.09 


101.44 


3.39 


103.68 


2.63 


.503 


.512 


.061 


May 


106.38 


3.03 


101.48 


3.39 


105.04 


2.52 


.471 


.504 


.027 


June 


106.19 


3.04 


101.68 


3.37 


105.15 


2.51 


.465 


.574 


.016 


July (6) 


105.88 


3.07 


102.57 


3.31 


105.23 


2.50 


.489 


.522 


.054 



* Average of two long term issues for each country. 

t Differing coupon rates and maturity provisions, and the fact that the U. S. Treasury issues are exempt from "normal" income tax, vitiate any direct 
comparison of absolute yield levels. 

(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) On (or nearest to) 15th of each month. (3) 9 months. (4) 120 days. (S) 96 days. (6) Average July 1 - 25 for Bond Prices & Yields. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS ■ CANADA. U.K. & USA. 1937-38 



DAILY OPENING QUOTATIONS 



24% 



2 6% 



28% 



30% 



32% 



24% 



2-6% 



28% 



30% 



32% 



34% 



3 6% 



38% 



US. TREASURY 



AVERAGE YIELDS OF 
_ 3% DUE 15 SEPT, 1951-55 " 
2\ % DUE 15 MAP. 1955- 60 




3 4% 



3 6% 



3 8% 



- DOM. OF CANADA - 

AVERAGE YIELDS OF 
4'4% DUE I NOV, 1948-58 
3% DUE I JUNE. 1950-55 




AVERAGE YIELDS OF 
3'/i'Vo"CONVERSION"DUE I APR. 1961 «»o »"ca 
3/i%'WAR LOAN - DUE I DEC. 1952 ano »rTc« 



JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR. MAY JUNE JULY 

1937 1938 



110 



JULY 1938 



Millions of Dollars 



IV— BOND ISSUES AND RETIREMENTS" 

Bank of Canada 





I Dominion' 2 * Direct & Guaranteed and Other C.N.R. ' 




II-Provincial< 2 >Direct & Guaranteed"' 


Quarter 


Sales 


Deliveries 


Retirements 


Net De- 
liveries 

or Retire- 
ments 


Sales 


Deliveries 


Retirements 


Net De- 
liveries 




New 


Refunding 


New 


Refunding 


Refunded 


Olher w 


New 


Refunding 


New 


Refunding 


Refunded 


Olher w 


or Retire- 
ments 


1936 






























i 


82.6 


85.4 


82. 6 


85.4 


85.4 


1.8 


80.8 




16.2 


.7 


16.2 


.7 


.7 


17.2 


1.0 


ii 


20.0 


114.7 


20.0 


114.7 


114.7 


4.2 


15.8 




17.1 


4.0 


17.1 


4.0 


4.0 


25.9 


8.7 


iii 


26.8 


73.2 


26.8 


73.2 


15.0 


33.4 


51.6 




1.2 


- 


1.2 


- 


- 


11.9 


10.7 


iv 


- 


- 


- 


- 


58.2 


4.5 


62.7 




48.9 


34.4 


46.8 


31.3 


11.3 


5.7 


61.1 


Total 


129.4 


273.3 


129.4 


273.3 


273.3 


43.8 


85.6 


83.3 


39.1 


81.3 


36.0 


16.0 


60.7 


40.6 


1937 






























i 


35.5 


85.0 


35.5 


85.0 


85.0 


6.4 


29.1 




15.6 


33.2 


16.2 


18.6 


38.6 


6.2 


10.0 


ii 


- 


113.5 


- 


113.5 


113.5 


4.3 


4.3 




22.1 


10.6 


2.5 


18.2 


43.2 


3.6 


26.1 


iii 


14.3 


- 


14.3 


- 


- 


3.2 


11.1 




8.2 


20.0 


29.2 


30.0 


5.0 


10.8 


43.4 


iv 


- 


100.0 


- 


100.0 


100.0 


24.3 


24.3 




46.4 


16.4 


46.4 


16.4 


11.5 


5.3 


46.0 


Total 


49.8 


298.5 


49.8 


298.5 


298.5 


38.3 


11.5 


92.2 


80.2 


94.3 


83.3 


98.4 


26.0 


53.2 


1938 






























i 


50.0 


48.7 


50.0 


- 


- 


1.7 


48.3 




16.8 


12.6 


16.8 


12.6 


23.5 


8.0 


2.0 


ii 


50.0 


89.8 


50.0 


89.8 


89.8 


25.2 


24.8 




4.0 


1.5 


4.0 


- 


- 


8.5 


4.5 


Total 


100.0 


138.5 


100.0 


89.8 


89.8 


26.9 


73.1 


20.8 


14.0 


20.8 


12.6 


23.5 


16.5 


6.6 





III-CORPORATIONS 


Quarter 


Sales 


Deliveries 


Retirements 


Net De- 
liveries 

orRetire- 
ments 




New 


Refunding 


New 


Refunding 


Refunded 


Olker w 


1936 
















i 


72.8 <6) 


59.1 


32.0 (6) 


35.7 


18.1 


10.3 


39.2 


ii 


3.1 


50.8 


43.5 (6> 


73.3 


41.3 


20.0 


55.4 


iii 


5.6 


41.7 


3.8 


12.7 


59.9 


5.0 


48.5 


iv 


10.1 


34.9 


10.3 


56.5 


44.1 


13.2 


9.4 


Total 


91.6 


186.6 


89.6 


178.1 


163.4 


48.6 


55.6 


1937 
















i 


27.8 


33.5 


29.4 


27.9 


39.6 


11.6 


6.0 


ii 


20.0 


8.1 


19.6 


15.6 


13.9 


19.0 


2.3 


iii 


3.1 


18.3 


4.1 


24.9 


24.5 


17.5 


13.0 


iv 


7.2 


2.3 


7.2 


2.3 


7.3 


8.6 


6.4 


Total 


58.1 


62.2 


60.2 


70.7 


85.4 


56.7 


11.2 


1938 
















i 


1.1 


10.6 


1.0 


9.9 


9.9 


8.2 


7.2 


ii 


16.9 


13.2 


16.3 


13.7 


.7 


5.0 


24.3 


Total 


18.0 


23.9 


17.3 


23.6 


10.6 


13.3 


17.0 



I +11+ III 



Net Deliveries 

or 
Retirements 



119.0 
62.5 

7.6 
7.9 



181.8 



25.0 
28.2 
41.4 
15.3 



53.6 



39.0 
44.6 



83.6 



iv-dominion 
Treasury Bills 


Net De- 
liveries or 
Retire- 
ments 


Total 

outstanding 

at end of 

quarter 




92.7 (7> 


27.3 


120 


- 


120 


- 


120 


30.0 


150 


57.3 






150 


15.0 


135 


15.0 


150 




150 




150 


10.0 


160 


10.0 





Municipalities 

and Religious 

Institutions 


Sales <5) 


New 


Refunding 


9.1 


13.9 


9.7 


4.2 


3.1 


3.0 


3.1 


1.8 


25.1 


22.9 


11.1 


28.3 


6.1 


2.9 


4.8 


.2 


5.2 


3.9 


27.1 


35.4 


9.1 


3.4 


3.7 


1.5 


12.8 


4.9 



(1) Subject to revision. (2) Treasury Bills are excluded. For particulars of Dominion Treasury Bills see Heading IV. (3) C.N.R. bonds guaranteed by provinces are 
treated under the heading "Other C.N.R." (4) Includes retirements through sinking fund purchases. In many cases available data did not permit more than arbitrary 
approximations for separate portions of the fiscal year. (5) It has been impossible to classify issues of municipalities and religious institutions totalling $4.1 mm. in 1936, 
$2.5 mm. in 1937 and $2.6 mm. in the first half of 1938 between new and refunding. In each quarter such issues have been arbitrarily allocated in the same proportions 
as the known issues in the quarter. (6) Includes $48 mm. of C.P.R. bonds issued to refund Dominion guaranteed bank loans. $12 mm. was delivered in the first quarter 
and $36 mm. in the second quarter of 1936. (7) Total outstanding as at 31st of December, 1935. 



JULY 1938 



111 



$ mm. 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT w 

DOMINION* 2 ' AND PROVINCIAL* 2 ' DIRECT AND GUARANTEED, OTHER C.N.R. AND CORPORATION BONDS' 3 ' 



Quarter 


DELIVERIES were 


payable in: 




RETIREMENTS™ 


were payable in: 




Net Increase or 
Net Decrease 


Canada 


New York 


Canada & 


(S) 


Total 


Canada 


New York 


Canada & 


Canada, 


<5) 


Total 


Payable 


Payable 




only 


only 


New York 






only 


only 


New York 


& London 






only 


Elsewhere 


1936 




























i 


155.0 


96.0 


1.5 


- 


252.5 


27.3 


86.3 


7.7 


9.3 


2.9 


133.5 


127.7 


8.7 


ii 


238.2 


31.5 


1.5 


1.4 


272.6 


141.0 


4.6 


15.6 


44.8 


4.1 


210.1 


97.2 


34.7 


iii 


117.7 


- 


- 


- 


117.7 


17.7 


61.8 


4.9 


17.4 


8.6 


110.3 


100.0 


92.6 


iv 


143.2 


- 


- 


1.7 


144.9 


95.6 


6.1 


5.0 


43.1 


2.1 


152.0 


47.6 


54.7 


Total 


654.1 


127.5 


3.0 


3.1 


787.7 


281.6 


158.8 


33.2 


114.5 


17.8 


605.9 


372.5 


190.7 


1937 




























i 


113.2 


93.0 


- 


6.3 


212.6 


39.7 


.3 


108.8 


30.9 


7.8 


187.5 


73.5 


48.5 


ii 


168.1 


.8 


.5 


- 


169.3 


153.4 


12.6 


6.0 


15.2 


10.3 


197.6 


14.7 


42.9 


iii 


95.2 


- 


3.3 


4.0 


102.5 


23.0 


9.5 


10.3 


6.2 


12.0 


61.1 


72.2 


30.8 


iv 


160.9 


- 


6.5 


4.9 


172.3 


146.6 


1.8 


2.3 


2.8 


3.6 


157.0 


14.4 


.9 


Total 


537.4 


93.8 


10.3 


15.2 


656.7 


362.7 


24.2 


127.4 


55.2 


33.7 


603.1 


174.8 


121.2 


1938 




























i 


80.4 


9.9 


- 


- 


90.3 


35.4 


12.8 


.4 


1.3 


1.3 


51.3 


45.0 


5.9 


ii 


171.2 


.3 


- 


2.4 


173.8 


111.1 


3.5 


3.7 


1.6 


9.3 


129.3 


60.0 


15.5 


Total 


251.6 


10.2 


- 


2.4 


264.2 


146.6 


16.2 


4.2 


2.9 


10.7 


180.6 


105.0 


21.4 



(1) Subject to revision. (2) Treasury Bills are excluded. (3) Issues of municipalities and religious institutions are not included in this tabulation owing to lack of suf- 
ficient information. (4) Includes retirements through sinking fund purchases. In many cases available data did not permit more than arbitrary approximations for 
separate portions of the fiscal year. (5) Including issues payable in Canada or London. 



Millions of Dollars 



V— PUBLIC FINANCE 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED AND OTHER C.N.R. BONDS*" 

GROSS AMOUNT OUTSTANDING AS AT 30th JUNE, 1938 (2) 

Bank of Canada 





Payable in: 




Canada 
only 


New York 
only 


Canada 

or 

New York 


Canada, 
New York 
or London 


London ' 


Total 


Dominion — Direct 


2,322.4 <5 ' 
1.3 

278.1 

15.6 

6.0 
51.8 

.5 
44.3 

.5 

193.1 

2.4 

289.1 

105.9 

29.4 

3.4 

56.1 

.3 

29.8 

31.7 
2.1 


449.0 
24.2 
15.9 

8.9 
.2 


.7 
65.0 

14.9 

40.6 
34.5 

39.0 

50.4 

7.2 

41.7 

.4 

52.5 

.1 

59.0 

6.8 
64.2 

1.8 


28.6 
351.4 

18.8 
43.7 

.3 

15.0 

1.8 

236.4 

8.5 

3.5 

4.7 

19.9 

4.0 
1.7 


409.9 

287.7 
48.2 
78.5 

.5 
5.7 

7.2 
.2 

10.4 

5.9 

19.3 
.1 

10.9 

18.9 

44.7 
2.4 


3,181.2 (5 > 
30.6 

1,006.5 

67.1 

168.7 

6.5 

98.1 

.5 

86.1 

1.0 

257.6 

4.2 

581.8 

130.4 

94.1 

3.9 

124.2 

.5 

127.6 

6.8 
144.6 

8.1 


— Gtd. other than C.N.R. 
C.N.R. —Gtd. by Dom 


— Gtd. by Provs 


— Unguaranteed 


Prince Edward Island 


Nova Scotia — Direct 


—Gtd 


New Brunswick — Direct 


— Gtd. (6) 


Quebec — Direct 


—Gtd 


Ontario — Direct 


—Gtd 


Manitoba — Direct 


-Gtd. (6 ' 

Saskatchewan —Direct 


-Gtd. (6) 

Alberta — Direct 


— Gtd. (6 ' 


British Columbia — Direct 


-Gtd. <6) 


Total 


3,463.9'' 


498.2 


478.9 


738.5 


950.4 


6.129.9 5 ' 



Contra 


Sinkin 


y Funds : <4) 


book value as 


at latest 


available date 




65.7 


Mar. 


31st, 


1938 


{' 


Dec. 


31st, 


1937 


1.4 


Dec. 


31st, 


1937 


6.4 


Nov. 


30th, 


1937 


8.9 


Oct. 


31st, 


1937 


.1 


Oct. 


31st, 


1937 


23.0 


Nov. 


30th, 


1937 


9.9 


Nov. 


12th, 


1937 


7.2 


Various 




10.9 


Dec. 


31st, 


1937 


12.2 


Dec. 


31st, 


1937 


.2 


Apr. 


30th 


1937 


11.8 


Dec. 


31st, 


1937 


1.5 


Mar. 


31st, 


1937 


32.6 


Mar. 


31st, 


1937 


1.6 


Various 









(1) Treasury Bills are excluded. 12) Figures tor the gross amount of bonds outstanding are compiled from latest official sources adjusted to 30th June, 1938, by sub- 
sequent known issues and redemptions; when full details regarding these become available minor revisions may be necessary. (3) Including issues payable in Canada 
or London and one issue payable in London or Paris. (4) Figures for guaranteed issues are only approximate since complete particulars are not in all cases available. 
(5) The X3S.3 mm. of School Land Debenture Stock issued by the Dominion and held by Provinces is excluded. (6) C.N.R. issues guaranteed by the provinces are 
excluded. 



112 



JULY 1938 



VI— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau oj Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


Monthly 












1937-June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Jan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 


Mar. 


83.0 


79.7 


81.2 


82.0 


83.1 


Apr. 


82.5 


79.0 


80.6 


81.3 


82.3 


May 


77.3 


75.8 


78.4 


79.4 


80.3 


June 


76.6 


75.3 


79.2 


79.2 


80.1 



U.K. 

Board of Trade w 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


83.1 


89.3 


84.2 


90.0 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 


82.4 


84.0 


82.0 


83.2 


82.1 


82.3 


81.3 


81.3 



U.S.A. 

Bureau oj Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 


70.3 


73.2 


73.5 


83.4 


79.7 


68.4 


71.3 


72.3 


82.7 


78.7 


67.5 


70.7 


72.1 


82.1 


78.1 


68.7 


71.4 


73.1 


82.2 


78.3 



(1) Adjusted to 1926= 100 from base 1913 = 100 in 1926-29 and from base 1930 = 

(2) Bureau of Labour Index of Prices of Finished Products. 



100 in 1930 and thereafter. 



SPOT PRICES OF INDUSTRIAL RAW MATERIALS 



RATIO SCALE 




SON 
1936 1937 

I nittCD 8H0MC0 SMELTS. N.T <2» MCAVV MELTING. PITTSBURGH (JJELECTROLtTIC . LONOON PRICE IN U S fUNDS (' 



A 

DOLING 



JULY 1938 



113 



Cents per unit 



VII— FOREIGN EXCHANGE RATES 

Federal Reserve Bulletin and Bank of Canada 



Average of 


Sterling 
Canada 


n 


U.S. Dollar 
in Canada 


Can. Dollar 
in New York 


Sterling in 
New York 


French Franc 
in New York 


Working Days 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 


1928 


487.06 


+ 


.08 


100.09 


+ 


.09 


99.91 


_ 


.09 


486.62 


- .01 


3.921 


+ .08 


1929 


489.38 


+ 


.56 


100.76 


+ 


.76 


99.25 


— 


.75 


485.69 


- .20 


3.916 


- .05 


1930 


486.98 


+ 


.07 


100.16 


+ 


.16 


99.84 


- 


.16 


486.21 


- .09 


3.925 


+ .18 


1931 


470.66 


_ 


3.29 


103.79 


+ 


3.79 


96.35 


_ 


3.65 


453.50 


- 6.82 


3.920 


+ .05 


1932 


398.02 


-18.21 


113.52 


+ 13.52 


88.09 


-11.91 


350.61 


-27.96 


3.928 


+ .26 


1933 


460.73 


- 


5.33 


108.74 


+ 


8.74 


91.96 


- 


8.04 


423.68 


-12.94 


5.031 


+28.41 


1934 


498.91 


+ 


2.52 


99.00 


— 


1.00 


101.01 


+ 


1.01 


503.93 


+ 3.55 


6.569 


+67.67 


1935 


492.68 


+ 


1.24 


100.51 


+ 


.51 


99.49 


— 


.51 


490.18 


+ .72 


6.601 


+68.48 


1936 


497.45 


+ 


2.22 


100.06 


+ 


.06 


99.91 


— 


.09 


497.09 


+ 2.14 


6.114 


+56.05 


1937 


494.37 


+ 


1.59 


99.99 


- 


.01 


100.00 




— 


494.40 


+ 1.59 


4.040 


+ 3.27 


1937— Mar. 


488.24 


+ 


.33 


.9995 





.05 


100.05 


+ 


.05 


488.51 


+ .38 


4.595 


+ 17.28 


Apr. 


490.95 


+ 


.88 


.9986 


— 


.14 


100.12 


+ 


.12 


491.63 


+ 1.02 


4.496 


+14.76 


May 


493.13 


+ 


1.33 


.9984 


— 


.16 


100.15 


+ 


.15 


493.99 


+ 1.51 


4.477 


+14.27 


June 


493.80 


+ 


1.47 


1.0005 


+ 


.05 


99.94 


— 


.06 


493.55 


+ 1.42 


4.440 


+13.33 


July 


497.36 


+ 


2.20 


1.0013 


+ 


.13 


99.86 


- 


.14 


496.72 


+ 2.07 


3.805 


- 2.88 


1938— Mar. 


499.84 


+ 


2.71 


1.0028 


+ 


.28 


99.72 


_ 


.28 


498.45 


+ 2.42 


3.122 


-20.31 


Apr. 


500.61 


+ 


2.87 


1.0054 


+ 


.54 


99.46 


— 


.54 


498.12 


+ 2.36 


3.102 


-20.82 


May 


500.81 


+ 


2.91 


1 .0082 


+ 


.82 


99.18 


— 


.82 


496.73 


+ 2.07 


2.815 


-28.15 


June 


501.16 


+ 


2.98 


1.0107 


+ 


1.07 


98.91 


— 


1.09 


495.80 


+ 1.88 


2.782 


-28.99 


July"' 


496.14 


+ 


1.95 


1.0060 


+ 


.60 


99.40 


- 


.60 


493.18 


+ 1.34 


2.767 


-29.38 



(1) Except for Sterling and the U. S. Dollar in Canada in 1936 and after, which are noon middle rates, all quotations are based on noon buying rates in 
New York. (2) Based on pre-1931 pars of $4.86656. $1.00 and 3.9179 c. respectively. (3) July 1-25. 



PURCHASING POWER PARITIES 



DOLLARS 




UNITED STATES DOLLAR IN CANADA 



r 



MONTHLY AVERAGE EXCHANGE RATE 



S 



y v 



PURCHASING POWER PARITY 



•^> 




'— --" 



POUND STERLING IN CANADA 



PURCHASING POWER PARITY 



S^^' 



I928'29 "30 *3I '32 *33 '34 '35 '36 '37 J F 

OlAS INDICATCO B* WMQLCSALE PBlCC INDEXES ON OPPOSITE PACE 



110 

100 

■90 

515 
487 
460 

425 

390 



MAMJ JASONDJF 
1936 



M A M J J A 
1937 



S O N 



J F M A M J 
1936 



114 



JULY 1938 



VIII— EXTERNAL TRADE: VOLUME OF IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Sugar 


Tea 


Coffee 


Raw 
Cotton 


Raw 
Wool 


Petroleum 
Oils 


Crude 
Rubber 


Coal 


Tin 
Plate 


Structural 
Iron 
and 
Steel 


Index:*" 

Volume 

of 

Total 




Pounds 
Millions 


Pounds 

Millions 


Pounds 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Gallons 
Millions 


Pounds 
Millions 


Short tons 
Millions 


Short tons 
Thousands 


Short tons 
Thousands 


Imports 

1926 = 100 


Calendar Year Totals 

1926 


1,161 


38 


25 


135 


15 


766 


45 


17 


75 


203 


100 


1929 


951 


39 


29 


136 


12 


1,359 


80 


18 


82 


381 


137 


1932 


868 


40 


31 


97 


9 


1,115 


47 


12 


40 


31 


64 


1933 


790 


39 


34 


120 


14 


1,119 


43 


11 


81 


19 


55 


1934 


860 


39 


35 


144 


15 


1,206 


64 


13 


85 


32 


67 


1935 


901 


35 


35 


121 


15 


1,293 


60 


12 


81 


43 


70 


1936 


1,041 


40 


41 


150 


23 


1,378 


62 


13 


94 


53 


77 


1937 


930 


40 


38 


158 


24 


1,503 


81 


15 


117 


76 


89 


12 Months Ending 

May— 1938 


968 


37 


41 


146 


19 


1,506 


74 


14 


110 


65 


88 


Monthly Totals 

1936— Dec. 


67.3 


3.6 


2.6 


20.8 


1.5 


70.1 


2.7 


1.3 


4.1 


3.4 


76 


1937— Jan. 


25.8 


3.4 


3.3 


15.2 


1.7 


67.0 


3.7 


1.0 


5.5 


4.2 


71 


Feb. 


26.7 


2.7 


3.2 


12.1 


2.7 


57.5 


2.8 


.9 


4.5 


2.7 


67 


Mar. 


24.7 


4.9 


4.3 


15.5 


4.1 


58.6 


5.9 


1.2 


4.7 


7.8 


93 


Apr. 


26.5 


3.1 


2.5 


8.6 


3.4 


05.3 


3.0 


1.0 


11.1 


7.1 


74 


May 


43.0 


2.8 


4.5 


15.3 


1.8 


144.8 


9.4 


1.4 


14.1 


6.5 


100 


1937— Dec. 


54.0 


2.9 


2.4 


13.7 


.3 


67.4 


5.9 


1.2 


7.2 


3.3 


74 


1938— Jan. 


32.4 


2.8 


4.4 


11.9 


.9 


55.7 


4.0 


1.0 


2.7 


3.4 


69 


Feb. 


24.1 


2.4 


2.8 


10.9 


1.3 


50.3 


1.4 


1.0 


5.3 


2.9 


66 


Mar. 


17.4 


3.6 


5.2 


13.1 


3.3 


71.0 


4.8 


1.1 


6.1 


3.5 


92 


Apr. 


20.8 


2.2 


2.8 


6.8 


1.5 


58.8 


2.2 


.7 


7.2 


3.1 


70 


May 


145.7 


3.1 


5.5 


11.9 


1.6 


160.1 


5.7 


1.2 


12.3 


4.3 


97 






(1) Index of Total Import Values divided by D.B.S. Import Price Index. 



MILLIONS Or GALLONS 

1800 



1500 



PETROLEUM OILS 



IMPORTS 

MILLIONS OF DOLLARS 



RAW COTTON 



MILLIONS OF POUNDS 

180 







1927 '28 '29 "30 "31 '32 '33 '34 '35 '36 '37 '38 

I RUNNING 12-MONTH TOTALS IN 1937-36 



1927 '28 '29 '30 '31 '32 '33 '34 '35 '36 "37 *38 



JULY 1938 



115 



VIII— EXTERNAL TRADE: VOLUME OF EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Wheat 

and 

Flour 


Fish 


Bacon 

and 

Hams 


Cheese 


Newsprint 

and 

Wood 

Pulp 


Lumber 


Nickel 


Copper 


Auto- 
mobiles 

and 
Trucks 


Non- 
Monetary 
Gold* 


Index:"' 

Volume 

of 

Can. 




Bushels 


Pounds 


Pounds 


Pounds 


Short tons 


Board Feet 


Short tons 


Short tons 




Fine ounce 


Exports 




Millions 


Millions 


Millions 


Millions 


Thousands 


Millions 


Thous'ds 


Thous'ds 


Thousands 


Thousands 


1926 = 100 


Calendar Year Totals 
























1926 


297 


435 


93 


135 


2,738 


2,132 


32 


59 


74 


677 


100 


1929 


254 


417 


29 


93 


3,346 


1,755 


55 


124 


102 


1,742 


101 


1932 


251 


258 


36 


87 


2,229 


674 


16 


133 


13 


2,602 


79 


1933 


217 


303 


73 


74 


2,447 


1,018 


44 


124 


20 


2,771 


86 


1934 


191 


288 


120 


61 


3,020 


1,368 


59 


156 


43 


3,143 


98 


1935 


188 


323 


125 


56 


3,237 


1,337 


71 


199 


64 


3,343 


106 


1936 


265 


321 


158 


82 


3,748 


1,750 


87 


206 


56 


3,771 


126 


1937 


114 


324 


196 


89 


4,326 


1,858 


111 


219 


66 


4,165 


110 (2) 


12 Months Ending 
























May— 1938 


100 


294 


189 


90 


3,767 


1,768 


110 


254 


67 


4,550 


108 


Monthly Totals 
























1936— Dec. 


22.6 


36.1 


18.0 


6.2 


345.8 


184.1 


8.0 


17.2 


3.9 


329 


130 


1937— Jan. 


11.2 


41.8 


17.1 


.6 


336.5 


156.9 


7.5 


13.9 


5.3 


291 


104 


Feb. 


6.9 


32.7 


16.9 


.7 


279.9 


120.9 


8.0 


13.3 


4.4 


309 


88 


Mar. 


6.5 


28.3 


20.5 


1.3 


376.9 


148.8 


12.1 


20.6 


7.1 


215 


102 


Apr. 


4.9 


15.1 


13.6 


.7 


313.4 


101.1 


6.6 


12.0 


5.7 


202 


74 


May 


9.6 


19.2 


20.9 


2.4 


374.2 


152.8 


10.9 


17.8 


5.0 


297 


120 


1937— Dec. 


8.2 


32.1 


16.0 


2.8 


373.1 


133.3 


7.5 


17.7 


3.6 


470 


109 


1938— Jan. 


8.5 


36.0 


19.8 


.4 


207.2 


108.9 


9.9 


20.0 


4.9 


316 


93 


Feb. 


4.1 


22.9 


15.1 


.4 


183.8 


117.7 


9.7 


16.5 


7.3 


320 


82 


Mar. 


4.8 


24.9 


16.2 


.9 


254.2 


147.3 


10.2 


27.0 


7.6 


505 


107 


Apr. 


2.4 


9.9 


13.7 


1.6 


219.3 


91.0 


5.9 


19.6 


4.1 


267 


72 


May 


4.7 


13.5 


18.0 


3.7 


257.4 


125.0 


8.5 


29.6 


5.3 


407 


100 



* Net exports, adjusted for changes in "earmarked" gold. (1) Index of Canadian Export Values divided by D.B.S. Export Price Index. (2) Revised. 



EXPORTS 



MILLIONS OF BOARD FEET 

2500 



2000 



LUMBER 



FISH 



1500 



1000 



500 




MILLIONS OF POUNDS 

500 



1927 '28 '29 '30 '31 '32 '33 '34 '35 '36 '37 '38 

(|| RUNNING 12-UONTH TOTALS IN 1917-1* 




1927 '28 '29 '30 '3 



116 



JULY 1938 



IX— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 

Volume of 

Business 

Index 


PRODUCTION 


Con- 
struction 
Contracts 


Car 

Loadings 


Employ- 




Gold 


Copper 


Steel 


Auto- 
mobiles 


News- 


Central 
Electric 


ment 
Index"' 




Seasonally 








& Trucks 




Stations 






Seasonally 
adjusted 

1026 = 100 




adjusted 
1026 = 100 


Thousands 
Fine Ozs. 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


Annual TotalsW 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,022 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 


182 


758 


117 


2,605 


21,197 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


942 


173 


2,765 


23,283 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,116 


162 


3,225 


25,394 


163 


2,494 


104.0 


1937 


122.8 


4,091 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1937-Feb. 


115.0 


310.1 


19.2 


111.8 


19.7 


275.5 


2,147 


8.7 


186.2 


107.1 


Mar. 


118.7 


326.3 


20.9 


125.1 


24.9 


301.1 


2,412 


16.1 


214.4 


109.1 


Apr. 


124.0 


323.3 


21.0 


121.4 


17.1 


298.4 


2,323 


24.4 


207.6 


110.4 


May 


122.0 


340.1 


20.8 


120.8 


23.5 


309.2 


2,301 


24.2 


208.8 


114.3 


June 


126.0 


344.9 


21.3 


118.7 


23.8 


310.9 


2,255 


30.4 


214.2 


116.8 


1938-Feb. 


106.7 


340.8 


23.4 


99.0 


16.1 


202.6 


2,058 


6.6 


179.7 


112.3 


Mar. 


108.8 


376.0 


24.0 


118.7 


16.8 


224.6 


2,258 


10.4 


199.5 


111.2 


Apr. 


112.4 


368.4 


23.9 


116.4 


18.8 


200.8 


2,064 


15.0 


184.7 


111.5 


May 


110.7 


381.1 


24.2 


114.9 


18.1 


207.7 


2,082 


18.6 


191.6 


111.9 


June 


105.8 (3) 






109.4 


14.7 


201.7 


1,973 


20.9 


187.5 


111.3 



(1) As at end of month. (2) Average of months in case of Physical Volume of Business and Employment Indexes. (3) Preliminary. 



NEWSPRINT i NORTH AMERICA = 1936-38 



THOUSANDS OF SHORT TONS 



THOUSANDS OF SHORT TONS 



4400 



4000 



3600 — 




JULY 1938 



117 



ESTIMATED EMPLOYMENT AND UNEMPLOYMENT* 

Dominion Bureau of Statistics 





NUMBER IN 


THOUSANDS 


INDEX 
1932=100 


INDEXES 1926 = 


= 100 






Persons 
in Gainful 
Occupations 


Wage 
Earners 
Employed 


Wage 

Earners 

Unemployed 


Total 

Wage 

Earners 


Persons 
in Gainful 
Occupations 


Wage 
Earners 
Employed 


Wage 

Earners 

Unemployed 


Total 

Wage 
Earners 


Ratio: Un- 
employed 
To 
Total Wage- 
Earners 


Annual Average 




















1926 


* 


2,042 


99 


2,140 


* 


100.0 


100.0 


100.0 


4.6 


1929 


* 


2,444 


107 


2,551 


* 


119.7 


108.1 


119.2 


4.2 


1932 


4,017 


1,820 


639 


2,459 


100.0 


89.1 


645.5 


114.9 


26.0 


1933 


4,089 


1,788 


647 


2,434 


101.8 


87.6 


653.5 


113.7 


26.6 


1934 


4,157 


2,009 


520 


2,530 


103.5 


98.4 


525.3 


118.2 


20.6 


1935 


4,230 


2,056 


483 


2,539 


105.3 


100.7 


487.9 


118.6 


19.0 


1936 


4,297 


2,142 


430 


2,572 


107.0 


104.9 


434.3 


120.2 


16.7 


1937 


4,366 


2,369 


337 


2,706 


108.7 


116.0 


340.4 


126.4 


, 12.5 


Month-end 




















1937— Feb. 


4,339 


2,116 


455 


2,571 


108.0 


103.6 


459.6 


120.1 


17.7 


Mar. 


4,345 


2,120 


450 


2,570 


108.2 


103.8 


454.5 


120.1 


17.5 


Apr. 


4,351 


2,188 


407 


2,595 


108.3 


107.2 


411.1 


121.3 


15.7 


May 


4,357 


2,353 


327 


2,680 


108.5 


115.2 


330.3 


125.2 


12.2 


June 


4,361 


2,453 


294 


2,747 


108.6 


120.1 


297.0 


128.4 


10.7 


1938— Feb. 


4,411 


2,225 


436 


2,661 


109.8 


109.0 


440.4 


124.3 


16.4 


Mar. 


4,419 


2,163 


456 


2,619 


110.0 


105.9 


460.6 


122.4 


17.4 


Apr. 


4,423 


2,212 


437 


2,649 


110.1 


108.3 


441.4 


123.8 


16.5 


May 


4,430 


2,304 


400 


2,704 


110.3 


112.8 


404.0 


126.4 


14.8 


June 


4,435 


2,338 


387 


2,725 


110.4 


114.5 


390.9 


127.3 


14.2 



JWage-earners are defined in general, as persons who have worked for a wage or salary or who have had specific vocational training. Part-time workers 
are, with appropriate fractional weightings, included in both the employed and unemployed categories. The heading "Persons in Gainful Occupations" 
includes, in addition to "Wage Earners Employed", all employers, farmers and their sons, and others doing gainful work but not receiving directly a wage 
or salary. *Not available. 



ESTIMATED EMPLOYMENT AND UNEMPLOYMENT OF WAGE-EARNERS = 1932-38 

THOUSANDS THOUSANDS 



3000 



2400 



1800 



I200| 



600 i 



3000 



2400 



1800 




1200 



1932 



1933 



1934 



1935 



1936 



1937 



1938 



118 



JULY 1938 



XII— INDUSTRIAL EMPLOYMENT, WAGES AND SALARIES: 

Department of Labour and Dominion Bureau of Statistics 



1927-36 



Thousands 




NUMBER 


OF EMPLOYEES 












1927 


1928 


1929 


1930 


1931 


1932 


1933 


1934 


1935 


1936 


Mining 

Metals 


26 
30 
29 

85 

108 
33 
14 

432 

587 
15 

179 
18 

197 

5 

23 

7 

31 


29 
30 
31 

89 

114 
34 
20 

457 

624 
16 

188 
19 

206 

5 

24 

8 

32 


31 
30 
34 

95 

116 
34 
21 

488 

659 
16 

188 
19 

207 

5 

27 
8 

36 


31 
29 
29 

89 

110 
33 

16 
449 

608 

18 

174 

18 

193 
5 

27 
7 

34 


25 
28 
20 

73 

105 

27 

12 

381 

525 

17 

155 
17 

172 

5 

24 

7 

30 


22 

27 
13 

61 

102 
25 
13 

331 

470 
15 

133 
16 

149 

4 

21 

6 

27 


25 
25 
13 

63 

106 

24 

12 

327 

469 

15 

122 

15 

137 

4 

19 
5 

24 


34 
26 
13 

74 

116 

27 

15 

360 

518 

15 

127 
15 

142 

4 

17 
6 

23 


39 
26 
15 

80 

121 
28 
20 

386 

554 
15 

128 
14 

142 

4 

17 
6 

23 


46 


Coal 


27 


Other 


18 


Total 

MANUFACTURING(a) 

Textiles & Products . . . 
Pulp & Paper 


91 

115 
30 


Automobiles & Supplies 
Other 


20 
415 


Total 
Electric Light & Power 

Railways 

Steam 


579 
16 

133 


Electric 


14 


Total 
Express 


147 

4 


Communications 

Telephone 


18 


Telegraph 


6 


Total 


24 


Grand Total 


919 


973 


1,018 


946 


822 


727 


712 


775 


819 


862 



Millions of Dollars 






WAGES AND SALARIES 












Mining 






















Metals 


40 
39 
25 

104 


45 
43 
28 

116 


50 
42 
32 

124 


49 
36 
29 

114 


42 
29 
21 

92 


35 
25 
12 

72 


38 
22 
10 

70 


51 
26 

12 

88 


60 

27 
14 

100 


72 


Coal 


29 


Other 


16 


Total 


117 


M ANU FACTURI NGW 






















Textiles & Products . . . 
Pulp & Paper 


96 

46 

23 

483 

648 


103 

47 

34 

521 

706 


106 
50 
34 

571 

761 


98 

46 

24 

515 

683 


93 
35 

17 
432 

576 


83 

28 

15 

433 

559 


81 

27 

12 

313 

433 


91 
33 

18 
354 

497 


97 

36 

26 

392 

551 


95 
40 


Automobiles & Supplies 
Other 


26 
432 


Total 


593 


Electric Light & Power 


23 


24 


25 


27 


26 


23 


21 


22 


23 


23 


Railways 






















Steam 


270 
26 

296 


288 
26 

314 


291 

27 

318 


268 
27 

295 


230 
.25 

254 


181 
22 

203 


158 
19 

177 


163 
19 

182 


173 
19 

192 


183 


Electric 


19 


Total 


202 


Express 


8 


8 


8 


8 


7 


6 


6 


6 


6 


6 


Communications 




Telephone 


26 

8 


29 
9 


32 
9 


32 
9 


28 
8 


24 

7 


21 
6 


21 
6 


22 

7 


23 


Telegraph 


7 


Total 


34 


37 


41 


41 


36 


31 


27 


28 


29 


31 


Grand Total 


1,113 


1,206 


1,277 


1,168 


992 


894 


734 


822 


901 


972 



(a) Excludes non-ferrous metal smelting and refining, and manufacture of clay products, cement, lime and stone (monumental and ornamental) which are 
included in Mining; Electric Light and Power production, which is given separately below, is also excluded. 



JULY 1938 



119 



XII— U.S.A. STATISTICS 

Federal Reserve Board or Dept. of Commerce statistics unless otherwise stated 



ALL MEMBER BANKS 



TOTAL RESERVE BALAMCES „ «, 

i — m 

An j 



v# 



A* 









AUGUST 1938 



120 



MILLIONS Of DOLLARS 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 





MAR JUNE SEPT DEC. MAR. JUNE SEPT. DEC. MAR. JUNE SEPT. MAR. JUNE SEPT. DEC. MAR. JUNE SEPT DEC MAR JUNE SEPT 

'936 1937 1938 1936 1937 1938 



121 



AUGUST 1938 



Millions of Dollars 





LIABILITIES 




Cha 


rtered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 
Other 

Accounts 


Total 
Assets 
or 
Liabiliti 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


322.0 


1937-12 Mths. 


49.8 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


372.2 


1937— July 


49.5 


182.8 


232.3 


13.2 


.6 


87.0 


12.6 


345.7 


Aug. 


51.4 


175.3 


226.7 


24.1 


.8 


92.3 


13.3 


357.2 


Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381.8 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.7 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.6 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.5 


1938— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386.7 


Feb. 


51.6 


193.7 


245.3 


21.6 


2.4 


98.6 


13.3 


381.3 


Mar. 


49.6 


193.2 


242.8 


23.4 


2.6 


100.0 


13.6 


382.4 


Apr. 


52.8 


190.7 


243.5 


20.3 


2.7 


101.9 


13.8 


382.2 


May 


54.9 


193.3 


248.2 


16.4 


2.8 


102.1 


14.4 


383.9 


June 


53.0 


190.8 


243.8 


42.4 


2.1 


101.4 


15.1 


404.8 


July 


55.1 


192.6 


247.7 


16.0 


2.0 


101.3 


13.7 


380.7 


Wednesdays 

Aug. 3 


52.3 (2 > 


196.6 


248.9 (2) 


14.6 


2.8 


106.0 (2) 


16.7 


389. ( 


10 


53.2 (2 > 


195.4 


248.6 (2) 


14.8 


1.7 


105.9 m 


14.3 


385.4 


17 


54.6 C2) 


202.5 


257.1 (2) 


10.0 


1.5 


105.0 <2) 


13.4 


387.1 


24 


56.5 <2) 


202.4 


258.9 (2 > 


14.3 


1.2 


103.3 <2) 


9.9 


387.< 



(1) Includes "Other Securities". (2) Estimates. 

CHARTERED BANKS ■ DISTRIBUTION OF TOTAL ASSETS ■ 1926-38 

BILLIONS Or DOLLARS MONTH- ENO FIGURES BILLIONS OF DOLLARS 

4 




1926 1927 1928 



DOM. &. PROV. SECURITIES 
1929 1930 1931 1932 1933 1934 1935 



1936 1937 



1938 



AUGUST 1938 
CANADA 



122 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 




.old 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total«> 




>4.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


Average of 
Wednesday Figures 

1935- 9Mths. 


'9.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12Mths. 


$2.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12Mths. 


$1.0 


2.5 


18.2 


201.7 


60.56 


33.6 


96.2 


139.8 


— 


4.2 


July— 1937 


'9.5 


2.5 


23.7 


205.8 


59.83 


40.9 


94.2 


145.6 


- 


5.8 


Aug. 


'9.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


- 


4.7 . 


Sept. 


'9.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. 


'9.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


- 


6.1 


Nov. 


'9.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


'9.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan.— 1938 


iO.O 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


50.2 


3.0 


22.3 


205.5 


55.72 


119.3 


41.5 


173.1 


- 


3.8 


Mar. 


SO. 7 


1.8 


21.5 


204.0 


55.37 


116.3 


41.5 


170.1 


2.8 


5.4 


Apr. 


a.3 


.4 


24.4 


206.1 


55.78 


120.7 


39.0 


170.9 


- 


7.0 


May 


61.9 


- 


37.7 


219.6 


56.34 


113.3 


51.9 


171.3 


- 


14.0 


June 


,0.8 


- 


26.5 


207.3 


56.48 


114.5 


52.5 


167.8 


- 


5.6 


July 


,0.7 


_ 


24.9 


205.6 


55.21 


118.3 


52.4 


170.7 





12.7 


Wednesdays 

Aug. 3 


,0.6 


- 


24.9 


205.5 


55.36 


121.4 


53.1 


174.4 


- 


5.5 


10 


,0.6 


- 


24.4 


205.0 


54.86 


123.6 


52.7 


176.4 


— 


5.7 


17 


,0.5 


- 


28.1 


208.6 


55.23 


121.7 


52.3 


174.0 


- 


5.0 


24 



100% 



75% 



50% 



25% 



CHARTERED BANKS : PERCENTAGE DISTRIBUTION OF TOTAL ASSETS 1 1926-38 

MONTH-END FIGURES 




100% 



75% 



50% 



25% 



1926 1927 1928 1929 



1930 1931 1932 1933 1934 1935 1936 1937 1938 



IN CANADA 



123 





















AUGUST 1938 




















II— CHART]! 


Millions of Dollars 


















Bank i i 




LIABILITIES 






Notes 


Deposits 


Cash 

in 

Canada'-'' 


Securities 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits*" 


Foreign 


Total 
Deposits* 2 ' 


DOM.-PROV 


Other 




Short 


Long 


Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


189 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 ; 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


214 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


183 


1935 


126 


569 


1,445 


65 


2,104 


348 


2,476 


216 


407 


454 


183 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


2561 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


307 


End of 
























1937— July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


305 


Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


328 


Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


326 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


317 


Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,825 


268 


425 


660 


306 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


301 


1938— Jan. 


98 


640 


1,591 


84 


2,360 


399 


2,783 


251 


447 


690 


297 


Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 


30C 


Mar. 


100 


648 


1,623 


67 


2,379 


399 


2,808 


242 


459 


685 


294 


Apr. 


100 


687 


1,631 


96 


2,445 


398 


2,884 


243 


461 


694 


301 


May 


97 


670 


1,625 


107 


2,438 


404 


2,880 


241 


448 


700 


301 


June 


104 


690 


1,621 


148 


2,484 


410 


2,939 


242 


437 


719 


30t 


July 


101 


671 


1,623 


101 


2,445 


397 


2,862 


235 


422 


717 


29* 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 

CHARTERED BANKS : DISTRIBUTION OF TOTAL LIABILITIES ■ 1926-38 



Billions of dollars 



MONTH-END FIGURES 



BILLIONS OF DOLLARS 



1926 



1927 



1928 1929 1930 



NOTE CIRCULATION 

aPITAL A RESi 

1931 1932 1933 




1934 1935 



1936 



1937 



1938 



AUGUST 1938 



124 



D BANKS 

lada 



Millions of Dollars 



ASSETS 




Loans 


Total 
Assets 




CANADA 


ABROAD 


rotal 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


,044 


82 


829 


134 


72 


146 


2,957 


,331 


93 


699 


121 


64 


150 


3,145 


,426 


107 


732 


117 


68 


165 


3,317 


,431 


114 


735 


117 


73 


158 


3,299 


,446 


114 


748 


115 


75 


160 


3,326 


,446 


100 


771 


112 


64 


172 


3,340 


,411 


82 


770 


121 


53 


173 


3,299 


,391 


87 


768 


116 


52 


159 


3,293 


,411 


76 


749 


113 


60 


166 


3,281 


,434 


72 


731 


107 


51 


168 


3,239 


,440 


70 


737 


114 


51 


169 


3,245 


,438 


63 


752 


118 


51 


169 


3,266 


,456 


64 


770 


136 


50 


160 


3,337 


,449 


66 


769 


130 


58 


162 


3,332 


,462 


69 


786 


135 


53 


181 


3,399 


,436 


71 


786 


134 


53 


152 


3,322 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




in 
Canada* 3 ' 


Deposits' 4 ' 


Deposits in 


Note 






Canada 


Circulation* 5 ' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


230 


2,373 


9.7 


199 


July— 1937 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 


245 


2,325 


10.5 


196 


Feb. 


242 


2,331 


10.4 


199 


Mar. 


240 


2,382 


10.1 


203 


Apr. 


247 


2,401 


10.3 


199 


May 


243 


2,421 


10.0 


200 


June 


245 


2,444 


10.0 


201 


July 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Chartered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS ■ PERCENTAGE DISTRIBUTION OF TOTAL LIABILITIES • 1926-38 



MONTH-END FIGURES 



100% 



75% 



50% 



25% 







^^^^^A^OTHrR~^: : " 




mull 




^4/fyffifyffly^ w^v ; ' ''///?&/ 






g FOREIGN 


PUBLIC DEPOSITS %£%%% 


y0////0///////////////^//yx/////y' 


| 


















vVSoO^xVyVVV TIME DEPOSITS (CANADA! JOQOOQ 










































































JDEMANO DEPOSITS (CANADA} f 
























%$$&?&*^r'- 1 N - 0TE: 


C IRCUL AT ION H t ;-. 


• 


















H CAPITAL AMD RESERvF^^^^B 

























100% 



50% 



25% 



1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1936 



125 



AUGUST 1938 



III— SECURITY PRICES 

Bank of Canada 



Average of 
Working Days 


Government Bonds 

Middle Prices and Yields 


Treasury Bills 

Three Months 

Average Yield of Successful 
Tender s<- 2> 


Canada* t 


U. K.*t<» 


U.S.A.* t 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 w 


1937 


103.37 


3.34 


101.15 


3.42 


102.61 


2.73 


.719 


.547 


.509 w 


1937— July 


103.30 


3.34 


99.36 


3.52 


102.04 


2.77 


.632 


.504 


.514 w 


Aug. 


103.87 


3.29 


99.47 


3.52 


102.00 


2.77 


.636 


.523 


.459(3, 


Sept. 


103.72 


3.30 


99.51 


3.52 


101.35 


2.82 


.632 


.496 


J84 w 


Oct. 


102.83 


3.37 


100.19 


3.49 


101.48 


2.81 


.696 


.538 


.362 ls) 


Nov. 


103.02 


3.35 


101.43 


3.39 


102.06 


2.76 


.816 


.509 


.143 w 


Dec. 


103.91 


3.28 


101.37 


3.40 


102.78 


2.71 


.761 


.688 


J24 w 


1938— Jan. 


104.34 


3.23 


102.12 


3.35 


103.33 


2.66 


.726 


.500 


All 


Feb. 


104.80 


3.18 


102.68 


3.31 


103.43 


2.65 


.648 


.504 


.078 


Mar. 


105.20 


3.14 


100.93 


3.42 


103.57 


2.64 


.524 


.506 


.070 


Apr. 


105.85 


3.09 


101.44 


3.39 


103.68 


2.63 


.503 


.512 


.061 


May 


106.38 


3.03 


101.48 


3.39 


105.04 


2.52 


.471 


.504 


.027 


June 


106.19 


3.04 


101.68 


3.37 


105.15 


2.51 


.465 


.574 


.016 


July 


105.80 


3.07 


102.52 


3.31 


105.24 


2.50 


.489 


.522 


.054 


Aug. (6) 


105.83 


3.07 


102.14 


3.34 


105.43 


2.48 


..519 


.506 


.047 



* Average of two long term issues for each country. 

t Differing coupon rates and maturity provisions, and the fact that the U. S. Treasury issues are exempt from "normal" income tax, vitiate any direct 
comparison of absolute yield levels. 

(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) On (or nearest to) 15th of each month. (3) 9 months. (4) 120 days. (5) 96 days. (6) Average Aug. 1 - 25 for Bond Prices & Yields. 



DOMINION OF CANADA 3 MONTHS TREASURY BILLS 1936-38 



YIELD PER CENT 



PAYABLE IN CANADA ONLY 



MILLIONS Or DOLLARS 




AUGUST 1938 



126 



III— SECURITY PRICES 

Bank of Canada 



Government Bonds Payable Elsewhere Than in Canada 
Middle Prices and Yields 





Dominion 


of Canada 




U.S. Treasury 


United K 


ingdom 


Dominion Guaranteed C.N.R. 




3}£% due Jan 15, 


iVi% due 


May 1, 


2>^%due 


Mar.15, 


3^% due Dec. 1, 


4J^% due Feb. 1, 


4H% due July 1, 


Average of 
Working Days 


1956-61 


1950-55 


1955-60 


1952 and after 


1956 


1957 




Payable in 
New York only 


Payab 

London 


e in 
only 


Dome 


stic 


Domestic 


Payable in Canada, 
New York or London 


Payable in 
Canada or New York 




Price 


Yield 


Price 


Yield 


d ■ (2) 
Price 


(2) 
Yield 


d ■ (1) 
Price 


Yield m 


Price 


Yield 


d • (3) 
Price 


Yield 


1936 


101.51 


3.15 


102.43 


3.03 


102.25 


2.72 


106.02 


3.03 


114.96 


3.44 


113.29 


3.59 


1937 


99.52 


3.28 


99.88 


3.25 


101.56 


2.76 


101.18 


3.40 


113.18 


3.53 


112.48 


3.62 


1937-July 


99.46 


3.28 


98.68 


3.35 


100.98 


2.80 


99.59 


3.51 


113.52 


3.50 


112.52 


3.62 


Aug. 


99.92 


3.26 


98.98 


3.33 


100.91 


2.81 


99.50 


3.52 


114.29 


3.45 


113.10 


3.57 


Sept. 


99.22 


3.30 


99.17 


3.31 


100.30 


2.85 


99.41 


3.52 


113.38 


3.51 


112.78 


3.59 


Oct. 


98.69 


3.33 


100.16 


3.24 


100.37 


2.85 


100.23 


3.48 


112.90 


3.54 


112.36 


3 62 


Nov. 


99.17 


3.30 


100.23 


3.23 


100.91 


2.81 


101.43 


3.38 


113.41 


3.50 


112.88 


3.58 


Dec. 


100.07 


3.25 


99.96 


3.25 


101.68 


2.75 


101.39 


3.38 


114.15 


3.44 


113.70 


3.52 


1938-Jan. 


100.82 


3.19 


99.97 


3.25 


102.21 


2.71 


101.94 


3.33 


114.42 


3.42 


113.96 


3.50 


Feb. 


101.56 


3.14 


100.19 


3.23 


102.36 


2.70 


102.50 


3.29 


115.16 


3.37 


114.43 


3.47 


Mar. 


101.62 


3.13 


99.19 


3.31 


102.50 


2.69 


100.87 


3.42 


115.22 


3.36 


114.40 


3.47 


Apr. 


100.91 


3.18 


99.71 


3.27 


102.66 


2.68 


101.39 


3.38 


115.22 


3.36 


114.44 


3.46 


May 


102.27 


3.07 


99.39 


3.30 


103.99 


2.58 


101.51 


3.37 


116.32 


3.28 


115.54 


3.39 


June 


102.56 


3.06 


98.88 


3.33 


103.94 


2.58 


101.70 


3.35 


116.60 


3.26 


115.81 


3.37 


July 


102.98 


3.03 


99.51 


3.29 


103.99 


2.58 


102.51 


3.28 


116.22 


3.28 


115.54 


3.38 


Aug. (4) 


103.58 


2.99 


101.15 


3.16 


104.19 


2.56 


102.09 


3.32 


116.11 


3.28 


115.53 


3.38 



(1) These issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) Exempt from "normal" Federal Income and certain State taxes. (3) As quoted in Toronto. (4) Average Aug. 1-25 



DOMESTIC AND OPTIONAL PAYMENT BOND YIELDS: 1936-38 




PAR 



1936 

PBC-I93I P*B +AVCAA&C AU&.I-25 



127 



AUGUST 1938 



IV— INTERNATIONAL PURCHASES AND SALES OF SECURITIES 



Millions of Dollars 






Dominion Bureau of Statistics 












Total 
Sales 


Total 
Purchases 


Net Sales 

or 

Net 

Purchases 


United States 


United Kingdom 


Other Countries 




Sales 
To 


Purchases 
From 


Sales 
To 


Purchases 
From 


Sales 
To 


Purchases 
From 


Jan. to June, 1938 

Canadian: Bonds 
Shares 


57.6 
57.9 


50.5 
44.9 


7.1 
13.0 


41.9 
40.6 


37.3 
26.9 


12.3 

8.5 


10.8 
14.8 


3.5 

8.8 


2.4 
3.3 


Total 

United States: Bonds 
Shares 


115.5 

1.6 
40.8 


95.4 

2.2 
41.3 


20.1 

.7 
.5 


82.5 

1.5 
40.4 


64.2 

2.2 
41.1 


20.8 
.2 


25.6 
.1 


12.3 
.1 


5.6 

.1 
.1 


Total 

United Kingdom: Bonds 
Shares 


42.4 

.7 
.3 


43.5 

.1 
.2 


1.2 

.6 
.2 


42.0 
.1 


43.2 
.1 


.2 

.7 
2 


.1 

.1 
.1 


.1 


.2 


Total 

Other Countries: Bonds 
Shares 


1.0 

1.1 
.1 


.3 

1.9 
.1 


.8 

.8 
.1 


.1 

.6 
.1 


.1 

.7 
.1 


.9 
.2 


.2 
.3 


.2 


.9 


Total 
Unclassified 


1.2 
6.0 


1.9 
9.8 


.7 
3.8 


.8 
4.9 


.7 

6.4 


.2 
1.0 


.3 
3.3 


.2 
.1 


.9 
.1 


Total all Securities 


166.1 


150.9 


15.2 


130.3 


114.6 


23.1 


29.4 


12.7 


6.9 



Quarterly Totals 




















1937—1 


194.8 


184.1 


10.7 


140.5 


151.0 


44.6 


28.6 


9.6 


4.4 


II 


106.3 


122.4 


16.1 


77.8 


99.1 


22.9 


20.2 


5.6 


3.1 


III 


97.7 


97.8 


.1 


69.4 


76.3 


23.5 


19.5 


4.9 


2.0 


IV 


107.8 


107.1 


.7 


88.7 


86.3 


14.6 


17.2 


4.5 


3.6 


1938—1 


92.6 


83.5 


9.0 


72.6 


63.7 


13.7 


15.7 


6.3 


4.1 


II 


73.5 


67.4 


6.1 


57.6 


50.9 


9.4 


13.8 


6.4 


2.7 



INTERNATIONAL PURCHASES AND SALES OF CANADIAN SECURITIES ^ 1937-38 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




1937 



1938 



AUGUST 1938 



128 



-INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume of 


PRODUCTION 


Con- 
struction 


Car 


Employ- 
















ment 




Business 
Index 


Nickel 


Copper 


Steel 


Auto- 
mobiles 


News- 


Central 
Electric 


Contracts 


Loadings 


Index* 1 ' 




Seasonally 
adjusted 








& Trucks 


print 


Stations 






Seasonally 
adjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 






1926 = 100 


Short Tons 


Short Tons 


Long Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


1926 = 100 


Annual Totals(2) 






















1926 


100.0 


33 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


55 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


15 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


42 


150 


410 


66 


2,022 


17,339 


97 


2,032 


84.2 


1934 


94.2 


64 


182 


758 


117 


2,605 


21,197 


126 


2,321 


96.4 


1935 


102.4 


69 


210 


942 


173 


2,765 


23,283 


160 


2,358 


99.8 


1936 


112.2 


85 


211 


1,116 


162 


3,225 


25,394 


163 


2,494 


104.0 


1937 


122.8 


112 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1937-Mar. 


118.7 


9.1 


20.9 


125.1 


24.9 


301.1 


2,412 


16.1 


214.4 


109.1 


Apr. 


124.0 


10.1 


21.0 


121.4 


17.1 


298.4 


2,323 


24.4 


207.6 


110.4 


May 


122.0 


9.2 


20.8 


120.8 


23.5 


309.2 


2,301 


24.2 


208.8 


114.3 


June 


126.0 


10.5 


21.3 


118.7 


23.8 


310.9 


2,255 


30.4 


214.2 


116.8 


July 


126.5 


7.9 


20.9 


123.0 


17.9 


314.5 


2,188 


21.5 


219.3 


116.8 


1938-Mar. 


108.8 


8.6 


24.0 


118.7 


16.8 


224.6 


2,258 


10.4 


199.5 


111.2 


Apr. 


112.4 


10.2 


23.9 


116.4 


18.8 


200.8 


2,064 


15.0 


184.7 


111.5 


May 


110.7 


9.3 


24.2 


114.9 


18.1 


207.7 


2,082 


18.6 


191.6 


111.9 


June 


108.3 <3) 


8.2 


24.2 


109.4 


14.7 


201.7 


1,973 


20.9 


187.5 


111.3 


July 


110.3 (4) 






83.9 


9.0 


202.5 


1,988 


21.2 


182.6 


109.1 



(1) As at end of month. 



(2) Average of months in case of Physical Volume of Business and Employment Indexes. (3) Revised. (4) Preliminary. 



PRIVATE CONSTRUCTION CONTRACTS AWARDED 



MILLIONS OF DOLLARS 



RUNNING 3-MONTH TOTALS 



MILLIONS OF DOLLARS 




DJ FMAMJ JASOND 




DJFMAMJ JASOND 



129 



AUGUST 1938 



VI— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau of Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


Monthly 












1937-July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Jan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 


Mar. 


83.0 


79.7 


81.2 


82.0 


83.1 


Apr. 


82.5 


79.0 


80.6 


81.3 


82.3 


May 


77.3 


75.8 


78.4 


79.4 


80.3 


June 


76.6 


75.3 


79.2 


79.2 


80.1 


July 


71.5 


72.5 


79.0 


78.4 


78.6 



U.K. 

Board of Trade™ 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


84.2 


90.0 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 


82.4 


84.0 


82.0 


83.2 


82.1 


82.3 


81.3 


81.3 


80.0 


81.2 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 


70.3 


73.2 


73.5 


83.4 


79.7 


68.4 


71.3 


72.3 


82.7 


78.7 


67.5 


70.7 


72.1 


82.1 


78.1 


68.7 


71.4 


73.1 


82.2 


78.3 


69.4 


72.3 


74.3 


S2.5 


78.8 



(1) Adjusted to 1926 = 100 from base 1913 = 100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. 

(2) Bureau of Labour Index of Prices of Finished Products. 



1926 = 100 

90 



WHOLESALE PRICE INDEXES = 1936-38 



1926 = 100 

90 




J F M A 


M 


J J 


A 


s 


o 


N 


D 


J 


F 


M 


A 


M 


J J 


CLUDCS NEWSPRINT 




1936 






















1937 



O N D J 



M A M J J 
1938 



AUGUST 1938 



130 



Canadian Dollars* 



VII— WHOLESALE PRICES: CHIEF COMMODITIES 

Dominion Bureau of Statistics and Engineering & Mining Journal 





Wheat 


Flour 


Newsprint 


Pulp 


Lumber 


Copper 


Steel 


Cotton 


Gasoline 


Coal 




No. 1 


First 




Bleached 


Fir 


Electro- 


Billets 


Middling 


Tank 


American 




Northern 


Patent 




Sulphite 


Flooring 


lytic 






Wagon 


Bituminous 




Lake-head 


Montreal 


f.o.b. Mills 


f.o.b. Mills 


f.o.b. Mills 


London'" 


f.o.b. Plant 


Hamilton 


Toronto 


Toronto 




bushel 


barrel 


short ton 


short ton 


M. bd. ft. 


cwt. 


long ton 


pound 


gallon 


short ton 


Annual Average 






















1926 


1.50 


8.82 


65.0 


80.0 


26.0 


13.8 


38.0 


.194 


.253 


6.47 


1929 


1.34 


7.93 


55.0 


75.0 


24.8 


18.3 


36.0 


.199 


.199 


6.02 


1932 


.56 


4.81 


50.2 


55.0 


14.5 


6.3 


34.0 


.085 


.179 


5.65 


1933 


.61 


5.09 


37.1 


52.5 


14.3 


7.5 


34.0 


.106 


.173 


5.35 


1934 


.75 


5.50 


32.9 


55.0 


14.5 


7.4 


34.0 


.13S 


.163 


5.73 


1935 


.84 


5.43 


33.4 


53.5 


15.1 


7.8 


34.0 


.138 


.158 


5.86 


1936 


.94 


6.08 


34.2 


53.0 


22.2 


9.5 


34.2 


.141 


.149 


6.75 


1937 


1.34 


7.73 


36.1 


65.6 


27.0 


13.1 


41.2 


.136 


.159 


6.75 


Monthly 






















1937— Tuly 


1.46 


8.80 


36.1 


71.5 


28.0 


14.0 


42.0 


.153 


.160 


6.75 


Aug. 


1.32 


8.10 


36.1 


71.5 


26.0 


14.2 


42.0 


.131 


.160 


6.75 


Sept. 


1.34 


7.60 


36.1 


71.5 


25.0 


13.0 


42.0 


.109 


.160 


6.75 


Oct. 


1.42 


7.80 


36.1 


74.0 


24.5 


11.2 


42.0 


.104 


.160 


6.75 


Nov. 


1.35 


7.40 


36.1 


74.0 


22.0 


9.8 


42.0 


.100 


.160 


6.75 


Dec. 


1.37 


7.80 


36.1 


74.0 


21.3 


9.8 


42.0 


.102 


.160 


6.75 


1938— Jan. 


1.49 


7.98 


43.6 


64.0 


24.0 


10.1 


42.0 


.104 


.160 


6.75 


Feb. 


1.45 


7.95 


43.6 


64.0 


24.0 


9.8 


42.0 


.109 


.160 


6.75 


Mar. 


1.38 


7.64 


43.7 


64.0 


24.0 


9.7 


42.0 


.105 


.160 


6.75 


Apr. 


1.38 


7.48 


43.2 


64.0 


24.0 


9.7 


42.0 


.109 


.160 


6.75 


May 


1.15 


7.00 


43.32 


60.0 


22.0 


9.1 


42.0 


.109 


.160 


6.75 


June 


1.14 


7.20 


43.46 


59.0 


22.0 


9.2 


42.0 


.106 


.160 


6.75 


July 


.98 


6.75 


43.24 


59.0 


24.8 


9.8 


38.0 


.109 


.160 


6.75 



* Prices have been converted into Canadian funds where necessary. (1) New York price prior to June 1932. 



WINNIPEG WHEAT PRICES ■ CASH. OCTOBER AND MAY FUTURES: 1937-38 




131 



AUGUST 1938 



Millions of Dollars 



VIII— EXTERNAL TRADE : MERCHANDISE IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





From 


Total 
Imports 


Re-Exports 


Total 
Retained 
Imports 


Excess of 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


Exports 

or Imports 


Calendar Year Totals 


















1926 


165 


50 


669 


125 


1,008 


15 


993 


282 


1929 


195 


62 


894 


148 


1,299 


26 


1,273 


84 


1932 


94 


35 


264 


61 


453 


8 


445 


105 


1933 


98 


35 


217 


51 


401 


6 


395 


214 


1934 


113 


44 


294 


63 


513 


7 


507 


252 


1935 


117 


57 


312 


64 


550 


13 


537 


305 


1936 


123 


66 


369 


77 


635 


13 


622 


448 


1937 


147 


89 


491 


82 


809 


15 


794 


348 


12 Months ending 


















June 1938 


137 


84 


468 


75 


765 


12 


753 


316 


Monthly Totals 


















1937— Feb. 


9.2 


3.7 


31.8 


4.1 


48.7 


.9 


47.8 


27.0 


Mar. 


12.9 


6.0 


44.7 


7.3 


71.0 


1.0 


70.0 


20.9 


Apr. 


10.2 


4.8 


36.7 


5.1 


56.9 


1.4 


55.5 


10.0 


May 


14.5 


8.0 


45.8 


8.4 


76.7 


2.1 


74.6 


28.9 


June 


13.4 


10.2 


45.6 


6.5 


75.7 


1.4 


74.3 


39.6 


July 


14.5 


8.1 


41.9 


7.4 


72.0 


1.0 


71.0 


31.5 


1938— Feb. 


8.8 


3.1 


31.2 


3.9 


47.0 


.8 


46.1 


24.7 


Mar. 


11.5 


5.4 


42.9 


5.3 


65.1 


.9 


64.2 


26.8 


Apr. 


9.2 


3.9 


31.4 


4.5 


48.9 


.7 


48.2 


12.0 


May 


11.9 


7.8 


40.5 


6.9 


67.1 


.9 


66.2 


15.1 


June 


9.2 


7.1 


37.1 


5.5 


58.9 


.9 


58.1 


19.0 


July (,) 










55.8 


1.1 


54.7 


22.9 



(1) Preliminary. 



EXPORTS OTHER THAN TO BRITISH EMPIRE AND U.S.A. = COMMODITY CLASSIFICATION = 1926-38 



MILLIONS OF DOLLARS 



WHEAT AND WHEAT FLOUR EXCLUDED 



MILLIONS OF DOLLARS 




1927 1928 1929 

* le MONTHS ENDING MARCH 1938 



1930 



1931 



1932 



1933 



1934 



1935 



1936 



1937 



1938 



AUGUST 1938 



132 



Millions of Dollars 



VIII— EXTERNAL TRADE : MERCHANDISE EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 







Merchand 


ise (Excluding Gold) 




Non-Monetary Gold 


Total Exports 


























TO 












Non-monetary 












Total 


Export 


Import 


Net Increase 

in Gold 

Earmarked 






U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


Gold 


Calendar Year Totals 




















1926 


459 


96 


458 


248 


1,261 


14 


- 


- 


1,275 


1929 


290 


105 


493 


264 


1,152 


36 


- 


- 


1,189 


1932 


178 


39 


159 


114 


490 


61 


- 


- 


550 


1933 


211 


44 


168 


106 


529 


79 


- 


- 


609 


1934 


270 


65 


219 


95 


649 


110 


_ 


_ 


759 


1935 


304 


74 


262 


86 


725 


116 


- 


— 


842 


1936 


395 


84 


334 


124 


938 


86 


- 


47 


1,070 


1937 


402 


104 


360 


131 


997 


125 


- 


20 


1,143 


12 Months Ending 




















June 1938 


387 


108 


299 


125 


919 


114 


26 


62 


1,069 


Monthly Totals 




















1937— Feb. 


23.6 


6.5 


25.3 


8.7 


64.0 


10.8 


- 


- 


74.8 


Mar. 


30.0 


9.0 


33.9 


10.4 


83.4 


5.0 


- 


2.5 


90.9 


Apr. 


19.5 


7.2 


25.5 


6.3 


58.5 


7.0 


- 


- 


65.5 


May 


34.6 


8.4 


33.6 


12.5 


89.2 


14.4 


- 


- 


103.5 


June 


37.9 


9.6 


32.2 


14.3 


94.0 


19.9 


- 


- 


113.9 


July 


36.5 


9.3 


32.0 


13.0 


90.8 


8.3 


- 


3.3 


102.5 


1938— Feb. 


27.3 


7.7 


16.8 


7.8 


59.6 


11.2 


_ 


_ 


70.8 


Mar. 


27.8 


10.6 


22.7 


12.3 


73.3 


8.3 


- 


9.3 


91.0 


Apr. 


18.7 


6.2 


18.0 


8.0 


50.9 


4.7 


- 


4.6 


60.2 


May 


27.9 


8.2 


20.4 


10.5 


67.0 


4.9 


26.0 


35.4 


81.3 


June 


25.6 


10.3 


20.0 


10.0 


65.9 


11.5 


.4 


- 


77.0 


July"' 


25.8 




21.0 




66.2 


11.5 


— 


— 


77.6 



U) Preliminary. 



EXPORTS OTHER THAN TO BRITISH EMPIRE AND U.S.A.: REGIONAL CLASSIFICATION i 1926-38 



MILLIONS Or DOLLARS 



WHEAT AND WHEAT FLOUR EXCLUDED 



MILLIONS OF DOLLARS 




150 



CALENDAR YEAR TOTALS 



100 



50 



1927 



1928 



1929 



1930 



1931 



1932 



1933 



1934 



1935 



1936 



1938 



. 12 MONTHS CNOINC MARCH 1,36 (+-) INCLUOINC ALL USSR. AND TyflKGr 



133 



AUGUST 1938 



Millions of Kilowatt Hours 



IX— CENTRAL ELECTRIC STATIONS 

Dominion Bureau of Statistics and Bank of Canada 





Output of Central Electric Stations 


Exports 


Deliveries 

to 
Electric 
Boilers 


Losses 
(Estimated) 


Firm 


Daily Average 


Generated 

by 

Water 


Generated 

by 

Fuel 


Total 


Consump- 
tion 
(Estimated) 


1926 


32.6 


.5 


33.1 


4.1 


2.7 


4.4 


22.0 


1929 


48.5 


.7 


49.2 


4.0 


5.9 


6.8 


32.5 


1932 


43.0 


.9 


43.9 


1.8 


7.8 


6.3 


28.0 


1933 


46.6 


.9 


47.5 


2.7 


9.9 


6.7 


28.2 


1934 


57.0 


1.0 


58.0 


3.4 


14.1 


8.2 


32.3 


1935 


63.1 


1.1 


64.1 


3.7 


17.0 


9.1 


34.3 


1936 


68.2 


1.2 


69.4 


4.3 


19.0 


9.8 


36.3 


1937 


74.2 


1.4 


75.6 


5.1 


20.0 


10.6 


39.9 


12 Months Ending 
















July 1938 


70.9 


1.3 


72.2 


4.9 


16.6 


10.1 


40.6 


Monthly 
















1937— Feb. 


75.3 


1.4 


76.7 


4.9 


23.7 


10.8 


37.3 


Mar. 


76.5 


1.3 


77.8 


5.6 


22.8 


10.8 


38.6 


Apr. 


76.2 


1.2 


77.4 


5.5 


21.6 


10.8 


39.6 


May 


73.0 


1.2 


74.2 


5.2 


20.0 


10.4 


38.7 


June 


73.9 


1.3 


75.2 


5.3 


20.0 


10.5 


39.4 


July 


69.3 


1.3 


70.6 


5.3 


16.6 


9.8 


38.9 


1938— Feb. 


72.2 


1.3 


73.5 


4.4 


17.9 


10.4 


40.8 


Mar. 


71.7 


1.2 


72.8 


4.6 


17.6 H) 


10.2 


40.4"' 


Apr. 


67.7 


1.1 


68.8 


4.5 


15.0 


9.6 


39.6 


May 


66.1 


1.1 


67.2 


5.0 


13.7 


9.3 


39.2 


June 


64.7 


1.1 


65.8 


5.3 


11.9 


9.1 


39.5 


July 


63.0 


1.1 


64.1 


5.1 


11.6 


8.8 


38.5 



(1) Revised. 



ELECTRIC POWER CONSUMPTION 



MILLIONS OF KILOWATT HOURS 

50 



MILLIONS OF KILOWATT HOURS 

50 




1926 '27 "28 '29 '30 '31 '32 '33 '34 '35 '36 '37 D J F MA M J J A S O N 



AUGUST 1938 



134 



Millions 



X— AGRICULTURE : DAIRYING 

Dominion Bureau of Statistics 





Total Milk 
Production 


Butter 


Cheese 
Farm & Factory 


Miscellaneous 
Dairy Products'" 


Milk 
Consumed'" 


Total Dairy 




Dairy 


Creamery 


Total 


Production 




Lbs. 


Lbs. 


Dollars 


Lbs. 


Dollars 


Lbs. 


Dollars 


Lbs. 


Dollars 


Lbs.' 3 ' 


Dollars 


Lbs. 


Dollars 


Dollars 


1926 


14,592 


95 


28.3 


177 


61.8 


272 


90.1 


172 


28.9 


254 


17.8 


6,036 


140.6 


277.3 


1929 


14,349 


88 


28.9 


171 


65.9 


259 


94.8 


119 


21.6 


308 


22.1 


6,647 


153.2 


291.7 


1932 


15,918 


107 


15.3 


214 


40.5 


321 


55.8 


122 


11.5 


220 


13.1 


6,824 


71.6 


159.1 


1933 


16,049 


106 


16.6 


219 


43.5 


326 


60.2 


112 


11.2 


244 


13.8 


6,925 


78.0 


170.8 


1934 


16,329 


110 


17.5 


235 


48.2 


345 


65.7 


100 


9.9 


259 


15.1 


6,875 


85.0 


183.8 


1935 


16,528 


114 


19.2 


241 


52.2 


355 


71.5 


102 


10.7 


290 


16.7 


6,787 


86.2 


193.5 


1936 


16,998 


114 


20.9 


251 


57.7 


365 


78.6 


120 


15.7 


317 


18.1 


6,790 


89.4 


211.4 


1937 


17,189 


113 


23.7 


246 


63.2 


359 


86.9 


130 


18.0 


418 


23.1 


6,903 


90.6 


228.4 



PROVINCIAL PRODUCTION - 1937 



Maritimes 

Quebec 
Ontario 

Manitoba 

Saskatchewan 

Alberta 

Br. Columbia 



1,057 

4,544 
6,770 

1,171 
1,604 
1,488 

554 



14.4 

14.5 
31.4 

10.2 
24.2 
15.6 

2.8 



3.8 

3.2 
6.9 

2.0 
4.4 
3.0 

.6 



11.6 

74.1 
81.2 

24.3 
23.6 
26.3 

5.2 



3.2 

19.3 

21.4 

5.8 
5.7 
6.3 

1.5 



26.1 

88.6 
112.6 

34.5 

47.8 
41.9 

8.0 



6.9 

22.5 

28.3 

7.8 

10.0 

9.3 

2.1 



1.1 

30.0 
92.4 

3.1 

.6 

2.2 



4.1 
12.8 

.4 
.1 
.3 



22.3 

25.1 

287.2 

8.7 
6.0 



60.1 



1.2 

2.6 

14.7 



.5 

.7 

2.5 



413 

2,109 
2,812 

319 
473 
474 

303 



5.2 

26.6 
41.0 

3.2 
4.5 
5.7 

4.4 



14.5 

58.0 
99.6 

13.4 
16.3 
17.1 

9.5 



(1) Chiefly ice-cream and concentrated whole milk products. (2) Milk sold off farms as whole milk, consumed on farms and fed to animals. 
(3) Quantity of milk used in manufacture. * See also pages 16 & 17 of the December 1937 Statistical Summary. 



DAIRYING : 1926-37 



RATIO SCALE 




1926 '27 '28 '29 "30 "31 '32 '33 '34 "35 '36 '37 

lit INCLUDING VALUC Of MILK CONSUMED. tZ) Ml NOTC < I > IN TABLC AbCwC 



1926 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 '37 



135 



AUGUST 1938 



XI— WHEAT : CHIEF EXPORTERS 

Compiled from Dominion Bureau of Statistics Publications and 
Stanford Food Research Institute " Wheat Studies" 



Millions of Bushels 









Crop Y 


'ears August 1 to , 


ULY 31 










5 Year Averages 


(i) 
1932-33 


en 
1933-34 


(1) 

1934-35 


1935-36 


to 
1936-37 


(2) 




1922-23 


1927-28 


1932-33 


1937-38 




to 1926-27 


to 1931-32 


to 1936-37 














Canada 

Surplus Production 


289 
39 

328 


294 
108 

402 


195 

180 

375 


344 
136 

480 


177 
218 

395 


174 
203 

377 


160 

214 

374 


120 

127 

247 


77 


Old Stocks"' 


37 


Total Surplus Supply 


114 


Net Exports"' 


286 


278 


215 


262 


192 


163 


247 


210 


90 


Carryover ' 


42 


124 


160 


218 


203 


214 


127 


37 


24 


United States 

Surplus Production 


179 
120 

299 


198 
216 

414 


(56) 
266 

210 


36 
391 

427 


(75) 
382 

307 


(132) 

274 

142 


(39) 
146 

107 


(72) 
138 

66 


169 


Old Stocks® 


83 


Total Surplus Supply 


252 


Net Exports 16 ' 


180 


142 


5 


45 


33 


(4) 


01) 


(17) 


97 


Carryover' 5 ' 


119 

90 
29 

119 


272 

113 

44 

157 


205 

108 
58 

166 


382 

155 
50 

205 


274 

116 
55 

171 


146 

81 
85 

166 


138 

88 
57 

145 


83 

99 
43 

142 


155 


Australia 

Surplus Production 


136 


Old Stocks 


40 


Total Surplus Supply 


176 


Net Exports 


88 


110 


110 


150 


86 


109 


102 


102 


130 




31 


47 


56 


55 


85 


57 


43 


40 


46 


Argentina 

Surplus Production 


137 
63 

200 

135 


162 

88 

250 


136 

82 

218 


142 
65 

207 


190 

75 

265 


149 

118 

267 


50 
85 

135 


147 
65 

212 


86 


Old Stocks 


50 


Total Surplus Supply 


136 


Net Exports 


163 


139 


132 


147 


182 


70 


162 


70 


Carryover 


65 


87 


79 


75 


118 


85 


65 


50 


06 


Totals for "Big Four" 

Surplus Production 


695 
251 

946 

689 


767 
456 

1,223 

693 


383 

586 

969 

469 


677 
642 

1,319 

589 


408 
730 

1 138 


272 
680 

952 


259 

502 

761 


294 
373 

667 


468 


Old Stocks 


210 


Total Surplus Supply 


678 


Net Exports 


458 


450 


388 


457 


387 


Carryover 


257 


530 


500 


730 


680 


502 


373 


210 


291 


Net Exports of Other 

Normally Exporting Countrils' 7> 


68 


98 


80 


49 


92 


55 


83 


121 


128 


Net Imports of Normally 
Importing European Countries' 8 ' . 


595 


608 


397 


442 


390 


355 


349 


449 


413 


World Disappearance'" 


3,395 

828 


3,788 
951 


3,763 
931 


3,760 

978 


3,775 

889 


3,739 
904 


3,762 
934 


3,778 
950 


3,779 


"Big Four" Disappearance" ' 


960 


World Ex "Big Four" Disappearance 


2,567 


2,837 


2,832 


2,782 


2,886 


2,835 


2,828 


2,828 


2,819 



(1) Revised. (2) Preliminary. (3) Including Canadian wheat in U.S.A. (4) Adjusted for changes in stocks of Canadian wheat in U.S.A. (5) Including United States 
wheat in Canada. (6) Adjusted for changes in stocks of United States wheat in Canada. (7) Lower Danube, Poland, Lithuania, U.S.S.R., India and French North Africa; 
net exports from the group after deducting any net imports. (8) Net imports for the group as a whole. (9) Food Research Institute; "World" excludes U.S.S.R., 
China, Iran, Iraq and a number of small countries; "World disappearance" represents production plus old stocks plus U.S.S.R. exports, less carryover. (10) Production 
plus old stocks less net exports and carryover. 



AUGUST 1938 



136 



MILLIONS OF BUSHELS 



WHEAT: BIG FOUR EXPORTS AND WORLD EX BIG FOUR DISAPPEARANCE 

RATIO SCALE 



MILLIONS OF BUSHELS 



3000 



2500 



3000 



2500 




1922/23 1923/24 1924/25 1925/26 1926/27 1927/28 1928/29 1929/30 1930/31 1931/32 1932/33 1933/34 1934/35 1935/36 1936/37 1937/38 

* SCC TABLE ON PAGC 115 



MILLIONS OF BUSHELS 



WHEAT ="BIG FOUR" EXPORTERS * 

TOTAL SUPPLIES AND DISTRIBUTION 



1500 



1200 



MILLIONS OF BUSHELS 

1500 



1200 




1926/27 1927/28 1928/29 1929/30 1930/31 1931/32 1932/33 1933/34 1934/35 1935/36 1936/37 1937/38 

• SCC TABLE ON PACE US 



SEPTEMBER 1938 



137 



Millions of Dollars 

4501 



BANK OF CANADA. 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



BANK OF CANADA LIABILITIES 



OTHER ACCOUNTS 




Millions of Dollars 

450 



E 


1 
JANK OF CANADA ASSETS 

OTHER ASSETS -*f'JA 








'^Cy^AA 


/~/kX 








kX investments >C 


















































W^^^m m 













































































MAR. JUNE SEPT DEC. MAR. JUNE SEPT. DEC. MAR. JUNE SEPT. MAR. JUNE SEPT. DEC. MAR. JUNE SEPT DEC. MAR. JUNE SEPT. 

1936 1937 1938 1936 1937 1938 



138 

















SEPTEMBER 1938 


Millions of Dollars 
















I— BAN* 




LIABILITIES 




Cha 


rtered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Assets 
or 
Liabilith 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


322.0 


1937-12 Mths. 


49.8 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


372.2 


1937— Aug. 


51.4 


175.3 


226.7 


24.1 


.8 


92.3 


13.3 


357.2 


Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381.8 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.7 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.6 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.5 


1938— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386.7 


Feb. 


51.6 


193.7 


245.3 


21.6 


2.4 


98.6 


13.3 


381.3 


Mar. 


49.6 


193.2 


242.8 


23.4 


2.6 


100.0 


13.6 


382.4 


Apr. 


52.8 


190.7 


243.5 


20.3 


2.7 


101.9 


13.8 


382.2 


May 


54.9 


193.3 


248.2 


16.4 


2.8 


102.1 


14.4 


383.9 


June 


53.0 


190.8 


243.8 


42.4 


2.1 


101.4 


15.1 


404.8 


July 


55.1 


192.6 


247.7 


16.0 


2.0 


101.3 


13.7 


380.7 


Aug. 


55.4 


199.8 


255.2 


13.3 


1.6 


104.3 


12.9 


387.2 


Wednesdays 

Sept. 7 


55.5 (2) 


202.8 


258.3 (2) 


18.2 


0.7 


113.2 (2) 


9.8 


400.3 


14 


57.1 (2) 


202.7 


259.8 (2) 


17.6 


1.0 


114.4 (2) 


9.1 


401.8 


21 


57.7 (2) 


210.8 


268.5 (2) 


24.6 


1.2 


114.9 (2) 


9.0 


418.2 



(1) Includes "Other Securities". 



(2) Estimates. 



CHARTERED BANKS • CASH IN CANADA AND CANADIAN DEPOSITS- 1936-38 



S MILLIONS 



$ BILLIONS 







SEPTEMBER 1938 

CANADA 



139 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 




Sold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 

Long 


Total"* 




54.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


Average of 
Wednesday Figures 

1935- 9Mths. 


79.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12Mths. 


S2.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12Mths. 


79.5 


2.5 


23.7 


205.8 


59.83 


40.9 


94.2 


145.6 


— 


5.8 


Aug.— 1937 


79.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


- 


4.7 


Sept. 


79.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. 


79.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


- 


6.1 


Nov. 


79.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


79.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan.— 1938 


80.0 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


80.2 


3.0 


22.3 


205.5 


55.72 


119.3 


41.5 


173.1 


- 


3.8 


Mar. 


80.7 


1.8 


21.5 


204.0 


55.37 


116.3 


41.5 


170.1 


2.8 


5.4 


Apr. 


81.3 


.4 


24.4 


206.1 


55.78 


120.7 


39.0 


170.9 


— 


7.0 


May 


81.9 


- 


37.7 


219.6 


56.34 


113.3 


51.9 


171.3 


- 


14.0 


June 


80.8 


- 


26.5 


207.3 


56.48 


114.5 


52.5 


167.8 


- 


5.6 


July 


80.5 


- 


26.0 


206.5 


55.17 


121.3 


52.5 


173.8 


- 


6.9 


Aug. 


80.4 


_ 


32.2 


212.6 


54.44 


131.4 


49.0 


180.4 





7.3 


Wednesdays 

Sept. 7 


81.1 


- 


31.3 


212.5 


54.10 


135.4 


48.9 


184.3 


- 


5.1 


14 


80.8 


— 


37.4 


218.2 


53.32 


146.3 


48.9 


195.2 


— 


4.8 


21 



IONS Or DOLLARS 



NOTE CIRCULATION = 1936-38 

BANK OF CANADA ACTIVE CIRCULATION AND TOTAL CHARTERED BANK NOTE ISSUE 



MILLIONS OT DOLLARS 



220 




DEC. 



FEB MAY 



APR MAY JUNE JULY AUG. 



SEPT OCT. 



NOV DEC 



140 



Millions of Dollars 



SEPTEMBER 1938 

II— CHART 

Bank 





LIABILITIES 






Notes 


Deposits 


Cash 
in 


Securities 








Dom. 


Canadian 




Total 


DOM.-PROV. 








Demand 


Time 


and Prov. 


Deposits* 1 ' 


Foreign 


Deposits"' 


Canada'-' 1 




Othp 




Short 


Long 




Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


189 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157; 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


214 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


183' 


1935 


126 


569 


1,445 


65 


2,104 


348 


2,476 


216 


407 


454 


182 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


25e 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


307 


End of 

1937— Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


32*1 


Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


32( 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


31? 


Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,825 


268 


425 


660 


30( 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


30] 


1938— Jan. 


98 


640 


1,591 


84 


2,300 


399 


2,783 


251 


447 


690 


29^ 


Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 


30( 


Mar. 


100 


648 


1,623 


67 


2,379 


399 


2,808 


242 


459 


685 


29< 


Apr. 


100 


687 


1,631 


96 


2,445 


398 


2,884 


243 


461 


694 


30: 


May 


97 


670 


1,625 


107 


2,438 


404 


2,880 


241 


448 


700 


30M 


June 


104 


690 


1,621 


148 


2,484 


410 


2,939 


242 


437 


719 


301 


July 


101 


671 


1,623 


101 


2,445 


397 


2,862 


235 


422 


717 


29! 


Aug. 


99 


687 


1,635 


96 


2,460 


400 


2,878 


257 


435 


710 


29J 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS: CURRENT LOANS TO THE PUBLIC IN CANADA: 1937-38 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

1825 







JAN. 



MAR. 



APR. 



JUNE 



SEPT OCT NOV DEC 






SEPTEMBER 1938 



141 



D BANKS 

\nada 







ASSETS 










Loans 






CANADA 


ABROAD 


Total 


Total 


Call 


Current 

Public 


Current 
Other 


Call 


Current 


Assets 


533 


140 


934 


87 


250 


261 


2,864 


! 499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


1,044 


82 


829 


134 


72 


146 


2,957 


1,331 


93 


699 


121 


64 


150 


3,145 


1,426 


107 


732 


117 


68 


165 


3,317 


1,446 


114 


748 


115 


75 


160 


3,326 


1,446 


100 


771 


112 


64 


172 


3,340 


1,411 


82 


770 


121 


53 


173 


3,299 


£,391 


87 


768 


116 


52 


159 


3,293 


1,411 


76 


749 


113 


60 


166 


3,281 


1,434 


72 


731 


107 


51 


168 


3,239 


1,440 


70 


737 


114 


51 


169 


3,245 


1,438 


63 


752 


118 


51 


169 


3,266 


1,456 


64 


770 


136 


50 


160 


3,337 


1,449 


66 


769 


130 


58 


162 


3,332 


1,462 


69 


786 


135 


53 


181 


3,399 


1,436 


71 


786 


134 


53 


152 


3,322 


1,440 


71 


781 


132 


55 


144 


3,334 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




Canada' 3 ' 


Deposits' 4 ' 


Deposits in 


Note 






Canada 


Circulation* 5 ' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


225 


2,373 


9.5 


203 


Aug.— 1937 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 


245 


2,325 


10.5 


196 


Feb. 


242 


2,331 


10.4 


199 


Mar. 


240 


2,382 


10.1 


203 


Apr. 


247 


2,401 


10.3 


199 


May 


243 


2,421 


10.0 


200 


June 


245 


2,444 


10.0 


201 


July 


254 


2,426 


10.5 


201 


Aug. 



) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
) Chartered Bank note circulation and Bank of Canada notes in public circulation. 



MILLIONS OF DOLLARS 

1200 



CHARTERED BANK HOLDINGS OF DOM. AND PR0V. SECURITIES : 1937-38 



MILLIONS OF DOLLARS 

1200 




JAN FEB 

* DIRECT AND GUARANTCCO 



AUG. 



SEPT. 



NOV DEC. 



142 



SEPTEMBER 1938 



III— SECURITY PRICES 

Bank of Canada 









Dominion of Canada Bonds Payable 


in Canada Only 














Middle Prices and Yields 








Average of 
Working Days 


4M% due 


Nov. 1, 


3% due J 


une 1, 


5% due Oct. 15, 


2H% due 


June 1, 


l^%due 


June 1, 




1948 


-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


(i) 

100.75 


(1) 

1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— Aug. 


110.54 


3.37 


97.19 


3.21 


112.35 


2.80 


101.62 


2.20 


100.45 


1.33 


Sept. 


110.44 


3.37 


96.99 


3.22 


111.97 


2.84 


101.29 


2.26 


100.05 


1.48 


Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. 


111.42 


3.23 


98.17 


3.14 


113.38 


2.46 


102.12 


2.07 


100.68 


1.20 


Mar. 


111.85 


3.18 


98.55 


3.11 


113.84 


2.34 


102.50 


1.99 


100.84 


1.11 


Apr. 


112.15 


3.14 


99.54 


3.04 


113.89 


2.30 


102.62 


1.96 


101.03 


1.01 


May 


112.84 


3.06 


99.91 


3.01 


114.51 


2.15 


103.32 


1.81 


101.30 


.86 


June 


112.86 


3.05 


99.51 


3.04 


114.76 


2.06 


103.58 


1.74 


101.36 


.80 


July 


112.39 


3.09 


99.20 


3.06 


113.73 


2.22 


103.11 


1.83 


101.08 


.92 


Aug. 


112.45 


3.07 


99.21 


3.06 


113.46 


2.23 


102.91 


1.86 


100.81 


1.04 


Sept. 


111.04 <2) 


3.21 w 


98.00 (2) 


3.16 w 


112.44 (3) 


2.39 w 


102.16 (3) 


2.02 i3) 


100.32 (3) 


1.3 l w 



(1) Average July 1 - Dec. 31. (2) Average Sept. 1 - 28. (3) Average Sept. 1 - 27. 



YIELDS OF DOMINION GOVERNMENT BONDS : 1937-38 

PAYABLE IN CANADA ONLY 




SEPTEMBER 1938 



143 









HI— SECURITY 


PRICES 
















Bank of Canada 














Government Bonds 






Treasury Bills 

Three Months 


Average of 
Working Days 




Middle Prices and Yields 




A verage 


Yield of Successful 
Tender s {2) 


Car 


lada* t 


U. K.*t(» 


U.S.A.* t 


Canada 


U K. 


US.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 








1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131™ 


1937 


103.37 


3.34 


101.15 


3.42 


102.61 


2.73 


.719 


.547 


.509™ 


1937— Aug. 


103.87 


3.29 


99.47 


3.52 


102.00 


2.77 


.636 


.523 


.459™ 


Sept. 


103.72 


3.30 


99.51 


3.52 


101.35 


2.82 


.632 


.496 


.584™ 


Oct. 


102.83 


3.37 


100.19 


3.49 


101.48 


2.81 


.696 


.538 


.362P 


Nov. 


103.02 


3.35 


101.43 


3.39 


102.06 


2.76 


.816 


.509 


.143 M 


Dec. 


103.91 


3.28 


101.37 


3.40 


102.78 


2.71 


.761 


.688 


J24 w 


1938— Jan. 


104.34 


3.23 


102.12 


3.35 


103.33 


2.66 


.726 


.500 


.111 


Feb. 


104.80 


3.18 


102.68 


3.31 


103.43 


2.65 


.648 


.504 


.078 


Mar. 


105.20 


3.14 


100.93 


3.42 


103.57 


2.64 


.524 


.506 


.070 


Apr. 


105.85 


3.09 


101.44 


3.39 


103.68 


2.63 


.503 


.512 


.061 


May 


106.38 


3.03 


101.48 


3.39 


105.04 


2.52 


.471 


.504 


.027 


June 


106.19 


3.04 


101.68 


3.37 


105.15 


2.51 


.465 


.574 


.016 


July 


105.80 


3.07 


102.52 


3.31 


105.24 


2.50 


.489 


.522 


.054 


Aug. 


105.83 


3.07 


102.06 


3.35 


105.51 


2.48 


.519 


.506 


.047 


Sept. (6) 


104.52 


3.18 


98.56 


3.55 


104.52 


2.55 


.608 


.945 


.106 



* Average of two long term issues for each country. 

t Differing coupon rates and maturity provisions, and the fact that the U. S. Treasury issues are exempt from "normal" income tax, vitiate any direct 
comparison of absolute yield levels. 

(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) On (or nearest to) 15th of each month. (3) 9 months. (4) 120 days. (5) 96 days. (6) Average Sept. 1 - 28 for Bond Prices & Yields. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS •• CANADA UK. & U.S.A. 1937-38 



DAILV OPENING QUOTATIONS 




2-4% 



26% 



28% 



30% 



3 2% 



34% 



3 6% 



38% 



144 



SEPTEMBER 1938 



IV— STOCK EXCHANGE STATISTICS 
MONTREAL AND TORONTO STOCK EXCHANGES 

Stock Exdiange Bulletins 















Common Stock Price Indexes 








on Canadian Collateral 


All Listed Stocks 


Montreal Stock 


Toronto Stock 


Traded during Month 














Exchange 


Exchange 








Millions of Dollars 


Millions 


r>f Dollars 


1926 


= 100 


July-Dec. 


1933 = 100 


Millions 


->f Dollars 






to 




(l) 


(1) 


20 


10 


20 


10 


(l) 


(1) 




Montreal 


Toronto 


Total 


Montreal 


Toronto 


Industrials 


Utilities 


Golds 


Base Metals 


Montreal 


Toronto 


(2) 

1936-Low 


16.1 


21.8 


39.7 


4,711 


4,713 


70 


67 


116 


67 


39 


* 


High 


33.4 


40.2 


73.6 


6,158 


5,912 


109 


86 


156 


115 


90 


* 


(2) 

1937-Low 


17.5 


27.8 


45.3 


4,838 


4,565 


66 


65 


96 


64 


20 


26 


High 


43.8 


46.7 


86.1 


6,787 


6,416 


122 


93 


169 


137 


94 


96 


Month-end. 
























1937-Aug. 


38.9 


43.1 


82.0 


6,203 


5,815 


108 


80 


122 


107 


27 


29 


Sept. 


26.4 


34.5 


60.9 


5,572 


5,088 


86 


74 


115 


82 


45 


44 


Oct. 


18.0 


28.4 


46.4 


5,124 


4,816 


80 


71 


115 


75 


39 


51 


Nov. 


18.1 


28.5 


46.6 


4,838 


4,565 


74 


66 


116 


69 


23 


37 


Dec. 


17.5 


27.8 


45.3 


4,884 


4,635 


73 


67 


120 


73 


20 


33 


1938-Jan. 


17.1 


27.4 


44.5 


4,999 


4,849 


77 


66 


124 


79 


21 


37 


Feb. 


17.1 


27.8 


44.9 


5,123 


4,964 


78 


65 


122 


83 


17 


38 


Mar. 


14.2 


22.2 


36.4 


4,263 


4,086 


61 


60 


103 


64 


25 


49 


Apr. 


13.6 


22.4 


36.1 


4,665 


4,519 


70 


62 


113 


74 


17 


30 


May 


13.6 


23.0 


36.6 


4,583 


4,389 


68 


62 


113 


73 


15 


26 


June 


14.0 


23.6 


37.6 


4,958 


4,734 


80 


69 


117 


86 


20 


31 


July 


16.2 


25.7 


41.9 


5,196 


4,960 


88 


67 


126 


96 


32 


41 


Aug. 


16.3 


25.4 


41.8 


5,022 


4,782 


80 


66 


122 


89 


23 


38 


Sept. (4) 












66 


58 


103 


78 







(1) Including Curb Market. 
(4) Sept. 27, 1938 close. 



(2) Monthly figures except in the case of Common Stock Prices where daily figures were used. 
♦Not available. 



(3) Revised. 



FOREIGN EXCHANGE : CANADIAN DOLLAR 

Dominion Bureau of Stati 




1914 1915 1916 

fAverage September 1-22, 1938. 



SEPTEMBER 1938 



145 



Cents per unit 



V— FOREIGN EXCHANGE RATES 

Federal Reserve Bulletin and Bank of Canada 



Average of 


Sterling in 
Canada 


U.S. Dollar 
in Canada 


Can. Dollar 
in New York 


Sterling in 
New York 


French Franc 
in New York 


Working Days 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount W 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount <2) 




Percentage 
Premium or 
Discount (2) 


1928 


487.06 


+ .08 


100.09 


+ 


.09 


99.91 





.09 


486.62 


- .01 


3.921 


+ .08 


1929 


489.38 


+ .56 


100.76 


+ 


.76 


99.25 


— 


.75 


485.69 


- .20 


3.916 


- .05 


1930 


486.98 


+ .07 


100.16 


+ 


.16 


99.84 


- 


.16 


486.21 


- .09 


3.925 


+ .18 


1931 


470.66 


- 3.29 


103.79 


+ 


3.79 


96.35 


_ 


3.65 


453.50 


- 6.82 


3.920 


+ .05 


1932 


398.02 


-18.21 


113.52 


+13.52 


88.09 


- 


11.91 


350.61 


-27.96 


3.928 


+ .26 


1933 


460.73 


- 5.33 


108.74 


+ 


8.74 


91.96 


- 


8.04 


423.68 


-12.94 


5.031 


+28.41 


1934 


498.91 


+ 2.52 


99.00 


_ 


1.00 


101.01 


+ 


1.01 


503.93 


+ 3.55 


6.569 


+67.67 


1935 


492.68 


+ 1.24 


100.51 


+ 


.51 


99.49 


— 


.51 


490.18 


+ .72 


6.601 


+68.48 


1936 


497.45 


+ 2.22 


100.06 


+ 


.06 


99.91 


— 


.09 


497.09 


+ 2.14 


6.114 


+56.05 


1937 


494.37 


+ 1.59 


99.99 


- 


.01 


100.00 




— 


494.40 


+ 1.59 


4.046 


+ 3.27 


1937-May 


493.13 


+ 1.33 


99.84 


_ 


.16 


100.15 


+ 


.15 


493.99 


+ 1.51 


4.477 


+14.27 


June 


493.80 


+ 1.47 


100.05 


+ 


.05 


99.94 


— 


.06 


493.55 


+ 1.42 


4.440 


+13.33 


July 


497.36 


+ 2.20 


100.13 


+ 


.13 


99.86 


— 


.14 


496.72 


+ 2.07 


3.805 


- 2.88 


Aug. 


498.26 


+ 2.38 


100.01 


+ 


.01 


99.88 


— 


.02 


498.22 


+ 2.38 


3.750 


- 4.29 


Sept. 


495.32 


+ 1.78 


100.00 




— 


99.98 


- 


.02 


495.30 


+ 1.78 


3.519 


-10.18 


1938-May 


500.81 


+ 2.91 


100.82 


+ 


.82 


99.18 


— 


.82 


496.73 


+ 2.07 


2.815 


-28.15 


June 


501.16 


+ 2.98 


101.07 


+ 


1.07 


98.91 


— 


1.09 


495.80 


+ 1.88 


2.782 


-28.99 


July 


495.62 


+ 1.84 


100.54 


+ 


.54 


99.44 


— 


.56 


492.91 


+ 1.29 


2.766 


-29.40 


Aug. 


489.70 


+ .63 


100.34 


+ 


.34 


99.65 


— 


.35 


488.08 


+ .29 


2.733 


-30.24 


Sept. (3) 


483.68 


- .61 


100.45 


+ 


.45 


99.55 


— 


.45 


481.51 


- 1.06 


2.699 


-31.11 



(1) Except for Sterling and the U. S. Dollar in Canada in 1936 and after, which are noon middle rates, all quotations are based on noon buying rates in 
New York. (2) Based on pre-1931 pars of $4.86656. $1.00 and 3.9179 c. respectively. (3) Sept. 1-25. 



• POUND STERLING IN NEW YORK : 1914-38 

nd Federal Reserve Bulletin 




20% 



146 



SEPTEMBER 1938 



VI— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume of 

Business 

Index 
Seasonally 

adjusted 

1926 = 100 


PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Employ- 




Gold 


Copper 


Steel 


Auto- 
mobiles 
& Trucks 


News- 
print 


Central 
Electric 
Stations 


ment 
Index"' 

Seasonally 
adjusted 

1926 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


Annual Totals<2) 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,022 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 


182 


758 


117 


2,605 


21,197 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


942 


173 


2,765 


23,283 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,116 


162 


3,225 


25,394 


163 


2,494 


104.0 


1937 


122.8 


4,091 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1937-Apr. 


124.0 


323.9 


21.0 


121.4 


17.1 


298.4 


2,323 


24.4 


207.6 


110.4 


May 


122.0 


340.5 


20.8 


120.8 


23.5 


309.2 


2,301 


24.2 


208.8 


114.3 


June 


126.0 


345.4 


21.3 


118.7 


23.8 


310.9 


2,255 


30.4 


214.2 


116.8 


July 


126.5 


347.7 


20.9 


123.0 


17.9 


314.5 


2,188 


21.5 


219.3 


116.8 


Aug. 


123.4 


349.1 


22.3 


126.7 


10.7 


318.7 


2,198 


24.8 


231.0 


118.4 


1938-Apr. 


112.4 


368.4 


23.9 


116.4 


18.8 


200.8 


2,064 


15.0 


184.7 


111.5 


May 


110.7 


381.1 


24.2 


114.9 


18.1 


207.7 


2,082 


18.6 


191.6 


111.9 


June 


108.3 


390.7 


24.2 


109.4 


14.7 


201.7 


1,973 


20.9 


187.5 


111.3 


July 


109.1 <3) 


420.8 


24.8 


83.9 


9.0 


202.5 


1,988 


21.2 


182.6 


109.1 


Aug. 


109.2 (4) 




24.7 


82.8 


6.5 


220.3 


2,072 


22.1 


213.1 


111.0 



(1) As at end of month. (2) Average of months in case of Physical Volume of Business and Employment Indexes. (3) Revised. (4) Preliminary 



INDEXES OF EMPLOYMENT IN MANUFACTURING INDUSTRIES 

SEASONALLY ADJUSTED 




1926 = 100 




FIRST OF MONTH 



***'\.. 



^T 



PULP AND PAPER 



VT 



V— 



150 



125 



100 



75 



50 



1 



1926 '27 '28 '29 '30 "31 '32 '33 '34 '35 '36 '37 



JFMAMJJASONDJFMAMJJASOND 
1937 1938 



SEPTEMBER 1938 



147 



VII— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau of Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


Monthly 












1937-Aug. 


84.9 


83.6 (3) 


82.8 (3) 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Tan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 


Mar. 


83.0 


79.7 


81.2 


82.0 


83.1 


Apr. 


82.5 


79.0 


80.6 


81.3 


82.3 


May 


77.3 


75.8 


78.4 


79.4 


80.3 


June 


76.6 


75.3 


79.2 


79.2 


80.1 


July 


71.5 


72.5 


79.0 


78.4 


78.6 


Aug. 


64.2 


67.5 


75.8 


77.0 


76.0 



U.K. 

Board of Trade m 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 


82.4 


84.0 


'82.0 


83.2 


82.1 


82.3 


81.3 


81.3 


80.0 


81.2 


77.5 


80.3 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 


70.3 


73.2 


73.5 


83.4 


79.7 


68.4 


71.3 


72.3 


82.7 


78.7 


67.5 


70.7 


72.1 


82.1 


78.1 


68.7 


71.4 


73.1 


82.2 


78.3 


69.4 


72.3 


74.3 


82.5 


78.8 


67.3 


71.4 


73.0 


81.8 


78.1 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930 = 

(2) Bureau of Labour Index of Prices of Finished Products. (3) Revised. 



100 in 1930 and thereafter. 



WHOLESALE PRICE INDEXES = 1936-38 



1926-100 

100 




INCLU01NG NEWSPRINT. 



148 



SEPTEMBER 1938 



Index 1926 = 100 



VIII— RETAIL FOOD PRICE INDEXES" 

Dominion Bureau of Statistics 























Total 


Whole- 




Beef 


Eggs 


Milk 


Butter 


Cheese 


Potatoes 


Bread 


Tea 


Sugar 


Retail 
Foods 


sale 
Foods 


Average of 
























Months 
























1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


141.9 


101.1 


106.7 


105.1 


105.0 


68.5 


100.0 


98.2 


93.6 


101.0 


100.0 


1932 


81.1 


62.8 


82.5 


56.6 


64.8 


33.9 


79.7 


65.3 


75.6 


64.3 


61.5 


1933 


70.4 


60.2 


79.2 


57.0 


61.6 


45.6 


75.7 


58.9 


93.6 


63.7 


63.8 


1934 


71.7 


63.9 


83.3 


60.4 


62.6 


44.6 


75.7 


70.4 


92.3 


69.4 


69.7 


1935 


78.6 


66.7 


87.5 


61.1 


62.6 


38.3 


77.0 


72.7 


82.1 


70.4 


70.4 


1936 


78.6 


72.2 


89.2 <2> 


63.3 


66.4 (2) 


61.3 


79.7 (2) 


72.5 (2) 


78. 2 (2 ' 


73.4 


73.4 


1937 


89.0 


71.3 


91.2 


69.1 


71.8 


57.0 


88.7 


74.9 


82.7 


77.3 


81.2 


Monthly 
























1937-Aug. 


95.6 


68.8 


90.0 


68.9 


72.3 


60.7 


90.5 


75.7 


84.6 


79.1 


82.9 


Sept. 


92.5 


73.7 


90.0 


70.2 


73.3 


45.0 


91.9 


76.4 


84.6 


78.3 


82.2 


Oct. 


89.9 


83.8 


92.5 


70.5 


73.0 


42.5 


91.9 


77.4 


84.6 


78.9 


83.0 


Nov. 


86.8 


94.0 


92.5 


72.9 


73.0 


39.9 


91.9 


78.5 


83.3 


78.9 


81.8 


Dec. 


86.2 


95.9 


94.2 


77.2 


72.6 


39.9 


91.9 


78.7 


83.3 


79.1 


80.3 


1938-Jan. 


86.8 


81.8 


95.8 


77.6 


73.3 


40.1 


91.9 


80.1 


83.3 


78.4 


79.8 


Feb. 


88.1 


68.4 


95.8 


80.5 


73.3 


40.3 


93.2 


80.9 


83.3 


77.9 


80.7 


Mar. 


88.1 


68.4 


95.8 


87.5 


73.6 


40.1 


91.9 


81.0 


83.3 


78.6 


81.2 


Apr. 


90.6 


62.0 


95.8 


88.8 


74.5 


38.7 


93.2 


80.9 


83.3 


78.8 


80.6 


May 


95.0 


55.3 


95.8 


74.5 


74.8 


37.5 


93.2 


81.7 


83.3 


77.7 


78.4 


June 


101.3 


59.6 


94.2 


70.2 


74.8 


39.1 


91.9 


81.9 


83.3 


78.1 


79.2 


July 


101.3 


66.2 


92.5 


66.9 


74.8 


40.7 


91.9 


81.7 


82.1 


78.4 


79.0 


Aug. 


99.4 


72.9 


92.5 


66.7 


75.2 


56.7 


91.9 


81.7 


82.1 


80.7 


75.8 



(1) Based on Average Prices in 69 cities. 



(2) Revised. 



FOOD PRICE INDEXES: 1936-37 

1926-100 




M J J 
1938 



SEPTEMBER 1938 



149 



Index 1926 = 100 



IX— COST OF LIVING INDEXES <» 

Dominion Bureau of Statistics 















Fuel, 


Foods, Fuel, 






Food 


Fuel 


Clothing 


Rents 


Sundries 


Clothing, 


Clothing, 


Total 




30% 


6% 


18% 


20% 


26% 


Household 
Requirements 


Household 
Requirements 


100% 


Average of Months 


















1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


101.0 


96.4 


96.9 


103.3 


99.0 


96.9 


98.9 


99.9 


1932 


64.3 


91.4 


72.3 


94.7 


94.6 


80.3 


72.6 


81.3 


1933 


63.7 


87.7 


67.1 


85.1 


92.6 


76.2 


70.1 


77.5 


1934 


69.4 


87.7 


69.7 


80.1 


92.1 


77.7 


73.7 


78.6 


1935 


70.4 


86.8 


69.9 


81.3 


92.2 


77.5 


74.1 


79.1 


1936 


73.4 


86.4 


70.5 


83.7 


92.9 


78.0 


75.8 


80.8 


1937 


77.3 


85.4 


72.7 


86.9 


93.6 


79.6 


78.5 


83.1 


Monthly 


















1937— Aug. 


79.1 


84.4 


72.9 


87.3 


93.7 


79.6 


79.4 


83.7 


Sept. 


78.3 


84.5 


73.3 


87.3 


93.9 


79.9 


79.1 


83.6 


Oct. 


78.9 


85.3 


73.3 


89.0 


93.9 


80.1 


79.5 


84.2 


Nov. 


78.8 


85.7 


73.3 


89.0 


93.9 


80.2 


79.5 


84.2 


Dec. 


79.1 


86.1 


73.3 


89.0 


93.9 


80.3 


79.7 


84.3 


1938— Jan. 


78.4 


86.2 


73.3 


89.0 


93.9 


80.3 


79.4 


84.1 


Feb. 


77.9 


86.0 


73.3 


89.0 


93.9 


80.3 


79.1 


83.9 


Mar. 


78.6 


86.3 


73.7 


89.0 


93.9 


80.5 


79.6 


84.2 


Apr. 


78.8 


86.2 


73.7 


89.0 


93.9 


80.5 


79.7 


84.3 


May 


77.7 


85.9 


73.7 


90.3 


93.9 


80.5 


79.1 


84.2 


June 


78.1 


85.1 


73.0 


90.3 


93.8 


79.9 


79.0 


84.1 


July 


78.4 


85.0 


73.0 


90.3 


93.8 


79.9 


79.2 


84.2 


Aug. 


80.7 


85.2 


73.0 


90.3 


93.8 


79.9 


80.3 


84.9 



(1) Components were selected and weighted on the basis of a family income of $2,000-$2,500 in the years 1926-9. 



COST OF LIVING INDEXES '• 1926-38 



1926-100 




1927 1928 1929 1930 

* 12-MONTHS MOVING AVERAGES IN 1936. 



1931 1932 



1933 1934 1935 1936 1937 1938 



150 



SEPTEMBER 1938 



Millions of Dollars 



X— EXTERNAL TRADE : MERCHANDISE IMPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 



Fruits, 

Nuts and 

| Vegetables 


Sugar 

and 

Products 


Rubber 

and 
Products 


Petroleum 
Asphalt 

and 
Products 


Coal and 

Coke 
Products 


Textiles 

and 
Fibres 


Iron 
and 
Steel 


Machinery 

and 
Vehicles 


Non- 
ferrous 
Metal 
Products 


Chemical 
Products 


All 
Other 


Total 
Merchandise 

Imports (1 ) 


Calendar Year Totals 


























1926 


40 


38 


30 


53 


67 


184 


98 


122 


51 


31 


294 


1,008 


1929 


50 


28 


23 


78 


64 


199 


139 


203 


91 


40 


385 


1,299 


1932 


27 


17 


4 


43 


35 


69 


30 


37 


22 


28 


141 


453 


1933 


22 


16 


5 


31 


31 


70 


29 


32 


18 


24 


124 


401 


1934 


26 


17 


10 


41 


40 


84 


43 


51 


26 


28 


148 


513 


1935 


28 


19 


10 


44 


38 


85 


51 


61 


34 


30 


152 


550 


1936 


33 


21 


12 


50 


40 


99 


57 


79 


35 


32 


179 


635 


1937 


35 


21 


19 


59 


42 


115 


87 


124 


47 


37 


222 


809 


12 Months Ending 


























Aug. 1938 


31 


22 


15 


* 


* 


93 


70 


116 


43 


35 


* 


736 


Monthly Totals 


























1937— Mar. 


3.2 


.9 


1.5 


2.6 


3.1 


13.5 


6.5 


12.1 


4.0 


3.2 


20.3 


71.0 


Apr. 


2.5 


1.1 


.9 


2.7 


3.0 


8.9 


6.4 


9.5 


3.4 


2.8 


15.7 


56.9 


May 


3.7 


1.9 


2.4 


5.4 


3.8 


10.4 


9.0 


12.9 


4.4 


3.7 


19.3 


76.7 


June 


4.8 


2.1 


2.2 


6.4 


3.6 


10.7 


8.7 


11.9 


3.8 


3.2 


18.3 


75.7 


July 


3.4 


1.8 


1.2 


6.8 


3.5 


9.8 


9.1 


9.8 


4.7 


3.2 


18.6 


72.0 


Aug. 


2.8 


2.3 


1.8 


7.0 


3.4 


9.1 


8.8 


8.4 


4.0 


2.9 


19.5 


70.0 


1938— Mar. 


2.5 


.8 


1.0 


2.8 


3.3 


9.7 


5.3 


12.2 


3.8 


3.0 


20.6 


65.1 


Apr. 


2.3 


.9 


.6 


2.5 


1.9 


6.2 


4.4 


9.8 


2.9 


2.4 


15.0 


48.9 


May 


3.4 


3.1 


1.4 


6.6 


3.5 


6.9 


6.3 


10.9 


3.6 


3.3 


18.3 


67.1 


June 


3.6 


2.4 


1.2 


6.7 


3.0 


6.1 


4.8 


8.6 


3.3 


2.7 


16.7 


58.9 


July 


2.9 


2.2 


1.0 


6.9 


3.3 


6.7 


5.0 


7.3 


3.4 


2.7 


14.6 


55.8 


Aug.<" 


2.1 


2.3 


.8 


* 


* 


7.0 


5.7 


8.1 


2.8 


2.9 


* 


57.0 



(1) Includes Merchandise Re-exports. (2) Preliminary. * Not yet available. 



FARM IMPLEMENTS: PRODUCTION. EXPORTS AND IMPORTS : 1924-38 



MILLIONS OF DOLLARS 

1001 



MILLIONS OF DOLLARS 

1100 



CALENDAR YEAR TOTALS 



75 




1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 

■tt INCLUDING AGRICULTURAL MACHINERY. + RUNNING 12-MONTH TOTALS IN 1936. T I2-MONTH3 CNOING AUG l»3». 



1935 



1936 



1937 



1936 



SEPTEMBER 1938 



151 



Millions of Dollars 



-EXTERNAL TRADE : MERCHANDISE EXPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Grains 


Cattle, 


Butter 


Furs. 


Non- 


Other 


Lumber 


Paper, 


Machinery 






Total 




and 


Meat 


and 


Skins and 


Monetary 


Non- 


and 


Wood Pulp 


and 




All Other 


Merchandise 




Flour 


and Fish 


Cheese 


Raw 
Leather 


Gold(2) 


Ferrous 
Metals 


Shingles 


and 
Pulpwood 


Vehicles 


Products 




Exports(D(2) 


Calendar Year Totals 


























1926 


474 


81 


28 


34 


14 


75 


71 


188 


60 


17 


235 


1,275 


1929 


322 


65 


19 


38 


11 


144 


57 


212 


74 


22 


226 


1,189 


1932 


160 


27 


10 


14 


61 


44 


15 


110 


12 


11 


87 


550 


1933 


146 


35 


9 


18 


79 


61 


21 


101 


15 


13 


112 


609 


1934 


162 


49 


7 


20 


110 


90 


30 


120 


28 


14 


130 


759 


1935 


166 


55 


8 


23 


117 


116 


33 


129 


38 


16 


141 


842 


1936 


269 


69 


13 


28 


132 


134 


43 


150 


36 


18 


179 


1,070 


1937 


161 


85 


14 


27 


145 


195 


52 


190 


47 


22 


204 


1,143 


12 Months Ending 


























Aug. 1938°' 


124 


72 


13 


20 


154 


181 


45 


167 


45 


20 


187 


1,028 


Monthly Totals 


























1937— Mar. 


8.6 


7.5 


.2 


3.0 


7.5 


19.3 


4.3 


15.8 


4.8 


2.7 


17.2 


90.9 


Apr. 


6.9 


5.2 


.1 


1.7 


7.0 


11.1 


2.9 


12.8 


3.8 


1.8 


12.2 


65.5 


May 


15.2 


7.4 


.4 


2.2 


14.4 


21.0 


4.4 


15.7 


3.8 


2.5 


16.6 


103.5 


June 


19.6 


7.4 


1.1 


1.5 


19.9 


18.4 


5.1 


17.6 


4.6 


2.1 


16.7 


113.9 


July 


15.3 


7.9 


2.3 


1.9 


11.7 


17.0 


4.8 


17.3 


5.6 


1.6 


17.0 


102.5 


Aug. 


11.8 


8.5 


1.9 


1.9 


12.3 


19.2 


5.1 


17.1 


5.3 


1.4 


16.9 


101.5 


1938— Mar. 


7.0 


6.8 


.2 


1.9 


17.6 


17.7 


3.9 


12.8 


5.3 


2.3 


15.5 


91.0 


Apr. 


3.3 


4.3 


.3 


.8 


9.3 


13.8 


2.3 


10.5 


3.2 


1.5 


10.9 


60.2 


May 


6.1 


6.0 


.6 


1.3 


14.3 


16.6 


2.8 


13.0 


4.1 


2.3 


14.1 


81.3 


June 


10.8 


5.6 


.8 


.9 


11.1 


11.8 


3.6 


12.5 


4.5 


1.7 


13.7 


77.0 


July 


9.9 


5.7 


1.7 


1.2 


11.5 


11.5 


4.3 


13.3 


3.2 


1.3 


14.0 


77.6 


Aug. (3) 


7.9 


5.2 


1.6 


1.8 


16.6 


15.2 


4.1 


15.6 


2.9 


1.4 


13.2 


85.6 



(1) Exports of Canadian Produce. (2) Net exports, adjusted for changes in "earmarked" gold. (3) Preliminary. 



EXPORTS : 1926-38 



MILLIONS Or DOLLARS 

25 



LIVESTOCK 



MEATS 



MILLIONS OF DOLLARS 

50 




I927 '28 '29 '30 '31 '32 '33 '34 35 '36 

* RUNNING 12-MONTH TOTALS It37-M. t '2- MONTHS ENDING JULY !«• 



'37 38 



1927 '28 '29 '30 '31 '32 '33 '34 '35 '36 '37 '38 



152 



SEPTEMBER 1938 



XI— FISHERIES STATISTICS : 1926-37 

Fisheries Statistics of Canada, Dominion Bureau of Statistics 
INVESTMENTS, EMPLOYMENT AND EXPORTS 





INVESTMENTS 


EMPLOYMENT 


EXPO 




Calendar 


Primary 


Canning 
and 


Total 


Primary 


Canning 
and 


Total 


RTS (D 














Years 


Sea 


Inland 


Curing 




Sea 


Inland 


Curing 












Millions 


of Dollars 






Thousands < 


)/ Employees 




mm. lbs. 


$mm. 


1926 


24.0 


5.0 


28.9 


57.9 


48.8 


12.6 


17.4 


78.8 


435 


35.3 


1927 


26.8 


5.1 


24.5 


56.3 


50.3 


13.1 


16.7 


80.1 


410 


32.7 


1928 


25.7 


5.4 


26.9 


58.1 


49.4 


13.4 


15.4 


78.2 


437 


35.0 


1929 


28.2 


5.8 


28.6 


62.6 


50.7 


13.4 


16.4 


80.5 


417 


35.0 


1930 


27.5 


5.7 


30.8 


64.0 


50.9 


13.0 


15.7 


79.6 


367 


30.0 


1931 


21.3 


5.0 


19.1 


45.3 


50.7 


11.1 


13.1 


74.9 


357 


24.6 


1932 


20.4 


4.3 


17.0 


51.8 


53.9 


10.6 


13.7 


78.2 


258 


17.9 


1933 


21.1 


4.3 


15.5 


40.9 


54.7 


10.8 


14.0 


79.5 


303 


19.6 


1934 


21.9 


4.3 


17.4 


43.6 


57.5 


11.1 


14.8 


83.4 


288 


21.5 


1935 


22.0 


4.5 


17.1 


43.6 


56.8 


11.7 


14.4 


82.9 


323 


24.0 


1936 


22.5 


4.7 


18.6 


45.8 


58.4 


13.4 


15.2 


87.0 


321 


24.0 


1937 


21.9 


4.9 


18.0 


44.8 


55.8 


14.2 


13.9 


83.9 


324 


26.8 



VALUE OF PRODUCTION 



(2) 





Total 


By ' 


Type 


By Provinces 


Calendar 
Years 


Marketed 
Fresh" > 


Canned' 4 ' 

and 

Cured 


P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 

Sask. 

Alta. and 

Yukon 


B.C. 












Millions < 


)/ Dollars 










1926 


56.4 


27.5 


28.8 


1.4 


12.5 


5.3 


3.1 


3.2 


3.5 


27.4 


1927 


49.1 


25.2 


24.0 


1.4 


10.8 


4.4 


2.7 


3.7 


3.3 


22.9 


1928 


55.1 


27.1 


28.0 


1.2 


11.7 


5.0 


3.0 


4.0 


3.6 


26.6 


1929 


53.5 


27.6 


25.9 


1.3 


11.4 


5.9 


2.9 


3.9 


4.1 


23.9 


1930 


47.8 


22.5 


25.3 


1.1 


10.4 


4.9 


2.5 


3.3 


2.5 


23.1 


1931 


30.5 


16.9 


13.7 


1.1 


8.0 


4.2 


2.0 


2.5 


1.7 


11.1 


1932 


26.0 


13.5 


12.4 


1.0 


6.6 


3.0 


1.8 


2.1 


1.6 


9.9 


1933 


27.5 


14.5 


13.0 


.8 


6.0 


3.0 


2.1 


2.1 


1.4 


12.0 


1934 


34.0 


14.9 


19.2 


1.0 


7.7 


3.7 


2.3 


2.2 


1.9 


15.2 


1935 


34.4 


16.2 


18.3 


.9 


7.9 


3.9 


1.9 


2.9 


1.8 


15.2 


1936 


39.2 


18.9 


20.3 


1.0 


8.9 


4.4 


2.1 


3.2 


2.4 


17.2 


1937 


39.0 


19.9 


19.0 


.9 


9.2 


4.4 


1.9 


3.6 


2.8 


16.2 







VOLUME"' AND VALUE 


<2) OF PRODUCTION BY SPECIES 






Calendar 


Salmon 


Lobster 


Cod 


Other Sea 


Other Inland 


Years 


mm. lbs. 


$ mm. 


mm. lbs. 


$ mm. 


mm. lbs. 


$ mm. 


mm. lbs. 


$ mm. 


mm. lbs. 


$mm. 


1926 


217 


19.6 


34 


5.9 


273 


7.0 


530 


16.5 


84 


1A 


1927 


153 


15.1 


32 


5.4 


198 


4.9 


604 


16.1 


86 


7.6 


1928 


228 


17.8 


33 


5.2 


215 


6.3 


632 


17.3 


86 


8.4 


1929 


154 


15.0 


37 


5.7 


198 


5.4 


652 


18.8 


88 


8.6 


1930 


235 


17.7 


41 


5.2 


166 


4.3 


572 


14.2 


75 


6.4 


1931 


133 


8.0 


44 


5.0 


146 


2.8 


557 


9.9 


69 


4.7 


1932 


133 


8.0 


48 


4.7 


143 


2.2 


429 


6.8 


63 


4.2 


1933 


145 


9.8 


37 


3.5 


156 


2.6 


400 


7.6 


66 


' 4.1 


1934 


170 


12.9 


36 


4.3 


171 


3.3 


484 


8.8 


72 


4.8 


1935 


182 


12.5 


32 


4.4 


154 


2.8 


511 


9.5 


74 


5.3 


1936 


203 


13.9 


28 


4.4 


170 


3.3 


626 


11.4 


81 


6.2 


1937 


172 


12.4 


31 


4.6 


152 


3.1 


647 


11.8 


89 


7.0 



(1) Excluding fishery by-products. (2) Amount received by distributors. 

(4) By canning and curing establishments. (5) Caught and landed. 



(3) Includes small amounts of cured fish prepared by fishermen. 



SEPTEMBER 1938 



153 



XI— FISHERIES STATISTICS : 1926-37 



PRODUCTION INDEXES 

TOTAL VOLUME AND VALUE 1926-100 



VALUE BY PROVINCES 





1926 '27 '28 '29 '30 '31 '32 "33 '34 '35 '36 '37 1926 '27 - 28 '29 '30 *3I '32 "33 '34 '35 '36 '37 



MILLIONS OF DOLLARS 

40F 



EXPORTS : VALUE BY DESTINATIONS 



MILLIONS OF DOLLARS 

140 



CALENDAR YEAR TOTALS 



TOTAL EXPORTS 




30 



20 



10 



1927 1928 1929 

-f I2-M0NTHS ENDING MARGN IUI. 



1930 1931 1932 1933 1934 1935 1936 1937 1938 



OCTOBER 1938 



154 



Millions of Dollars 

450 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 




Millions of Dollars 

450 




MAR JUNE SEPT DEC- MAR. JUNE SEPT. DEC. MAR. JUNE SEPT. MAR. JUNE SEPT. DEC. MAR. JUNE SEPT. DEC. MAR, JUNE SEPT 



1936 



1937 



1938 



1936 



1937 



1938 



155 



Millions of Dollars 



OCTOBER 1938 

I— BAM 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 
B. of C. 

Note 
Circulation 


All 
Other 

Accounts 


Total 

Assets 
or 
Liabiliti 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


322.0 


1937-12 Mths. 


49.8 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


372.2 


1937— Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381.8 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.7 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.6 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.5 


1938— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386.7 


Feb. 


51.6 


193.7 


245.3 


21.6 


2.4 


98.6 


13.3 


381.3 


Mar. 


49.6 


193.2 


242.8 


23.4 


2.6 


100.0 


13.6 


382.4 


Apr. 


52.8 


190.7 


243.5 


20.3 


2.7 


101.9 


13.8 


382.2 


May 


54.9 


193.3 


248.2 


16.4 


2.8 


102.1 


14.4 


383.9 


June 


53.0 


190.8 


243.8 


42.4 


2.1 


101.4 


15.1 


404.8 


July 


55.1 


192.6 


247.7 


16.0 


2.0 


101.3 


13.7 


380.7 


Aug. 


55.4 


199.8 


255.2 


13.3 


1.6 


104.3 


12.9 


387.2 


Sept. 


60.2 


205.5 


265.7 


21.4 


1.0 


111.5 


9.3 


408.9 


Wednesdays 

Oct. 5 


56.0 (2) 


209.1 


265.1 (2) 


28.3 


.7 


123.4 (2) 


9.3 


426.8 


12 


60.0 (2) 


212.9 


272.9 (2) 


25.1 


.7 


121.8 (2) 


9.3 


429.9 


19 


60.4 (2> 


220.0 


280.4 (2) 


29.8 


2.0 


121.1°' 


10.1 


443.5 


26 


61.1 <2) 


222.8 


283.9 <2> 


30.9 


2.4 


117.5 (2> 


9.2 


443.9 



(1) Includes "Other Securities". 



(2) Estimates. 



BANK OF CANADA NOTES AND DEPOSITS* 



MILLIONS OF DOLLARS 



400 



LIONS Of DOLLARS 




•Deposits by Chartered Banks only. 



OCTOBER 1938 
CANADA 



156 



Millions of Dollars 



ASSETS 




[jj Reserve 


Securities 




All 
Other 

Accounts 




Sold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total'" 


Advances 




54.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


Average of 
Wednesday Figures 

1935- 9 Mths 


79.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12 Mths 


82.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12 Mths 


79.5 


2.6 


28.6 


210.6 


57.18 


58.7 


96.8 


166.5 


— 


4.7 


Sept.— 1937 


79.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. 


79.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


- 


6.1 


Nov. 


79.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


79.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan. — 1938 


80.0 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


80.2 


3.0 


22.3 


205.5 


55.72 


119.3 


41.5 


173.1 


- 


3.8 


Mar. 


80.7 


1.8 


21.5 


204.0 


55.37 


116.3 


41.5 


170.1 


2.8 


5.4 


Apr. 


81.3 


.4 


24.4 


206.1 


55.78 


120.7 


39.0 


170.9 


- 


7.0 


May 


81.9 


- 


37.7 


219.6 


56.34 


113.3 


51.9 


171.3 


- 


14.0 


June 


80.8 


- 


26.5 


207.3 


56.48 


114.5 


52.5 


167.8 


- 


5.6 


July 


80.5 


- 


26.0 


206.5 


55.17 


121.3 


52.5 


173.8 


- 


6.9 


Aug. 


81.5 


- 


32.9 


214.4 


53.65 


139.8 


48.9 


188.7 


- 


5.8 


Sept. 


81.1 


_ 


32.2 


213.3 


51.09 


156.7 


46.9 


203.6 


4.0 


5.8 


Wednesdays 

Oct. 5 


81.6 


- 


33.5 


215.1 


51.15 


157.1 


46.5 


203.6 


5.0 


6.2 


12 


81.6 


- 


38.0 


219.6 


50.67 


167.0 


46.1 


213.1 


5.0 


5.7 


19 


81.4 




41.1 


222.5 


51.17 


166.7 


45.0 


211.7 


5.0 


4.8 


26 



MILLIONS OF DOLLARS 



CHARTERED BANKS ■ CANADIAN DEPOSITS : 1936-38 



2500 



2400 



2300 



2200 



MILLIONS OT DOLLARS 

2500 




2400 



2300 



2200 



JAN FEB MAR APR, MAY JUNE JULY AUG. SEPT. OCT. NOV DEC 



157 





















OCTOBER 1938 




















II— CHAR': 


Millions of Dollars 


















Bank 




LIABILITIES 






Note9 


Deposits 


Cash 

in 

Canada ' 


Securities 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits' 11 


Foreign 


Total 

Deposits* 2 ' 


DOM.-PROV. 


Othi 




Short 


Long 


Average of 
Month-end Figures 

1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


18' 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


15 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


20' 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


21 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


IS 


1935 


126 


569 


1,445 


65 


2,104 


348 


2,476 


216 


407 


454 


18 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


25 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


30 


End of 
























1937— Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


32 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


31 


Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,825 


268 


425 


660 


30 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


30 


1938— Jan. 


98 


640 


1,591 


84 


2,360 


399 


2,783 


251 


447 


690 


29 


Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 


30 


Mar. 


100 


648 


1,623 


67 


2,379 


399 


2,808 


242 


459 


685 


29 


Apr. 


100 


687 


1,631 


96 


2,445 


398 


2,884 


243 


461 


694 


30 


May 


97 


670 


1,625 


107 


2,438 


404 


2,880 


241 


448 


700 


30 


June 


104 


690 


1,621 


148 


2,484 


410 


2,939 


242 


437 


719 


30 


July 


101 


671 


1,623 


101 


2,445 


397 


2,862 


235 


422 


717 


2S 


Aug. 


99 


687 


1,635 


96 


2,460 


400 


2,878 


257 


435 


710 


2£ 


Sept. 


104 


725 


1,633 


89 


2,492 


425 


2,937 


264 


445 


684 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS ■ CURRENT LOANS TO THE PUBLIC IN CANADA = 1937-38 



MILLIONS OF DOLLARS 

850 



MILLIONS OF DOLLARS 

850 







JAN. FEB. MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC 



OCTOBER 1938 



158 



ID BANKS 

\iada 



fotal 



533 
499 
696 

841 

867 

,044 

,331 

,426 

,446 
,411 
,391 
,411 

,434 
,440 
,438 
,456 
,449 
,462 
,436 
,440 
,421 



Call 



140 
267 
117 

102 

102 

82 

93 

107 

100 

82 
87 
76 

72 
70 
63 
64 
66 
69 
71 
71 
60 



ASSETS 



Loans 



CANADA 



Current 
Public 



934 
1,343 
1,032 

907 
869 
829 
699 
732 

771 
770 
768 
749 

731 
737 
752 
770 

769 
786 
786 
781 
829 



Current 
Other 



87 

112 
165 

147 
145 
134 
121 
117 

112 
121 
116 
113 

107 
114 
118 
136 
130 
135 
134 
132 
136 



ABROAD 



Call 



250 
301 

84 

92 
107 
72 
64 
68 

64 
53 
52 
60 

51 
51 
51 
50 
58 
53 
53 
55 
45 



Current 



261 
248 
172 

148 
138 
146 
150 
165 

172 
173 
159 
166 

168 
169 
169 
160 
162 
181 
152 
144 
143 



Total 

Assets 



2,864 
3,528 
2,869 

2,831 
2,838 
2,957 
3,145 
3,317 

3,340 
3,299 
3,293 
3,281 

3,239 
3,245 
3,266 
3,337 
3,332 
3,399 
3,322 
3,334 
3,400 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




Canada 13 ' 


Deposits* 4 ' 


Deposits in 
Canada 


Note 
Circulation' 5 ' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


235 


2,383 


9.9 


213 


Sept.-1937 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 


245 


2,325 


10.5 


196 


Feb. 


242 


2,331 


10.4 


199 


Mar. 


240 


2,382 


10.1 


203 


Apr. 


247 


2,401 


10.3 


199 


May 


243 


2,421 


10.0 


200 


June 


245 


2,444 


10.0 


201 


July 


254 


2,426 


10.5 


201 


Aug. 


263 


2,442 


10.8 


214 


Sept. 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Chartered Bank note circulation and Bank of Canada notes in public circulation. 



CHANGES IN CHARTERED BANK HOLDINGS OF GOVERNMENT SECURITIES, AND NEW ISSUES = 1936-38 



MILLIONS OF DOLLARS 

300 



CUMULATIVE FROM JAN. I. 1936 



MILLIONS OF DOLLARS 




1936 
* or new issues, ron statistics or new issues and retirements, sec race t 



159 



OCTOBER 1938 



Millions of Dollars 



III— BANK DEBITS" 

Debits at 32 Clearing House Centres 

Dominion Bureau of Statistics 







Quebec 


Ontario 




Prairie 
Provinces 






Canada 






Maritime 
Provinces 
















British 
Columbia 
























Montreal 










Montreal 


Other 


Toronto 


Ottawa 


Other 


Winnipeg 


Other 




Ottawa 
Toronto 
Winnipeg 


Other 


Total 


Average of Months 


























1926 


50 


761 


65 


684 


156 


160 


323 


168 


163 


1,924 


606 


2,530 


1929 


66 


1,296 


77 


1,143 


167 


236 


399 


261 


244 


3,005 


884 


3,889 


1932 


43 


595 


53 


672 


132 


134 


262 


138 


125 


1,661 


493 


2,154 


1933 


40 


662 


52 


852 


112 


122 


400 


135 


124 


2,025 


473 


2,498 


1934 


45 


736 


51 


949 


160 


135 


390 


138 


135 


2,235 


504 


2,739 


1935 


48 


692 


56 


887 


120 


149 


386 


151 


140 


2,085 


544 


2,629 


1936 


53 


846 


66 


1,014 


123 


178 


388 


154 


173 


2,371 


623 


2,994 


1937 


61 


883 


81 


1,019 


112 


197 


249 


153 


175 


2,263 


667 


2,931 


Monthly Totals 


























1937— Apr. 


64 


1,022 


77 


1,249 


116 


202 


299 


166 


181 


2,686 


691 


3,376 


May 


58 


805 


88 


907 


112 


197 


280 


152 


169 


2,104 


665 


2,769 


June 


59 


804 


79 


1,074 


108 


199 


244 


150 


176 


2,229 


662 


2,892 


July 


60 


833 


85 


850 


128 


199 


239 


155 


170 


2,051 


670 


2,721 


Aug. 


58 


794 


83 


890 


80 


179 


216 


135 


177 


1,980 


633 


2,613 


Sept. 


58 


854 


72 


844 


97 


191 


291 


159 


168 


2,085 


648 


2,734 


1938— Apr. 


50 


701 


60 


806 


109 


178 


186 


168 


143 


1,802 


599 


2,401 


May 


53 


742 


59 


801 


134 


180 


200 


145 


147 


1,877 


584 


2,462 


June 


55 


836 


70 


1,000 


103 


201 


164 


148 


154 


2,103 


628 


2,731 


July 


56 


795 


74 


791 


115 


181 


153 


141 


161 


1 854 


613 


2,466 


Aug. 


53 


706 


74 


818 


90 


165 


177 


131 


158 


1,790 


581 


2,371 


Sept. 


52 


722 


82 


775 


78 


169 


382 


209 


186 


1,957 


698 


2,655 



(1) Total reported Bank Debits have been affected by the establishment of the Bank of Canada, chiefly because of a reduction in the Ottawa debits. 



MILLIONS OF DOLLARS 



BANK DEBITS 

RATIO SCALE 



MILLIONS Or DOLLARS 



4000 



2000 



4000 



2000 




OCTOBER 1938 



160 



IV— SECURITY PRICES 

Bank of Canada 









Dominion of Canada Bonds Payable 


in Canada Only 














Middle Prices and Yields 








Average of 






















Working Days 


4^% due Nov. 1, 


3% due June 1, 


5% due ( 


Dct. 15, 


2V 2 % due 


June 1, 


\ l A% due June 1, 




1948 


-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


(l) 

100.75 


(1) 

1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— Sept. 


110.44 


3.37 


96.99 


3.22 


111.97 


2.84 


101.29 


2.26 


100.05 


1.48 


Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. 


111.42 


3.23 


98.17 


3.14 


113.38 


2.46 


102.12 


2.07 


100.68 


1.20 


Mar. 


111.85 


3.18 


98.55 


3.11 


113.84 


2.34 


102.50 


1.99 


100.84 


1.11 


Apr. 


112.15 


3.14 


99.54 


3.04 


113.89 


2.30 


102.62 


1.96 


101.03 


1.01 


May 


112.84 


3.06 


99.91 


3.01 


114.51 


2.15 


103.32 


1.81 


101.30 


.86 


June 


112.86 


3.05 


99.51 


3.04 


114.76 


2.06 


103.58 


1.74 


101.36 


.80 


July 


112.39 


3.09 


99.20 


3.06 


113.73 


2.22 


103.11 


1.83 


101.08 


.92 


Aug. 


112.45 


3.07 


99.21 


3.06 


113.46 


2.23 


102.91 


1.86 


100.81 


1.04 


Sept. 


111.00 


3.22 


97.96 


3.16 


112.34 


2.41 


102.16 


2.02 


100.32 


1.31 


Oct. (2) 


111.66 


3.14 


98.75 


3.10 


112.51 


2.34 


102.45 


1.94 


100.33 


1.30 



(1) Average July 1 - Dec. 31. 



(2) Average Oct. 1 - 25. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS CANADA UK & USA 1937-38 



DAILY OPCNING QUOTATIONS 




161 



OCTOBER 1938 



Millions of Dollars 



BOND ISSUES AND RETIREMENTS" 

Bank of Canada 





I Dominion' 2 ' Direct & Guaranteed and Other C.N.R. ' 




II Provincial«»Direct & Guaranteed"' 


Quarter 


Sales 


Deliveries 


Retirements 


Net De- 
liveries 
or Retire- 
ments 


Sales 


Deliveries 


Retirements 


Net De- 
liveries 




New 


Refunding 


New 


Refunding 


Refunded 


Other w 


New 


Refunding 


New 


Refunding 


Refunded 


Other w 


or Retire- 
ments 


1936 






























i 


82.6 


85.4 


82.6 


85.4 


85.4 


1.8 


80.8 




16.2 


.7 


16.2 


.7 


.7 


17.2 


1.0 


ii 


20.0 


114.7 


20.0 


114.7 


114.7 


4.2 


15.8 




17.1 


4.0 


17.1 


4.0 


4.0 


25.9 


8.7 


iii 


26.8 


73.2 


26.8 


73.2 


15.0 


33.4 


51.6 




1.2 


- 


1.2 


- 


- 


11.9 


10.7 


iv 


- 


- 


- 


- 


58.2 


4.5 


62.7 




48.9 


34.4 


46.8 


31.3 


11.3 


5.7 


61.1 


Total 


129.4 


273.3 


129.4 


273.3 


273.3 


43.8 


85.6 


83.3 


39.1 


81.3 


36.0 


16.0 


60.7 


40.6 


1937 






























i 


35.5 


85.0 


35.5 


85.0 


85.0 


6.4 


29.1 




14.6 


34.2 


15.2 


19.6 


39.6 


4.1 


8.9 


ii 


- 


113.5 


- 


113.5 


113.5 


4.4 


4.4 




21.1 


11.6 


2.1 


18.7 


43.2 


2.7 


25.2 


iii 


14.3 


- 


14.3 


- 


- 


3.3 


11.0 




8.2 


20.0 


28.6 


30.6 


6.0 


8.0 


45.2 


iv 


- 


100.0 


- 


100.0 


100.0 


24.3 


24.3 




50.4 


12.4 


50.4 


12.4 


11.5 


3.9 


47.4 


Total 


49.8 


298.5 


49.8 


298.5 


298.5 


38.5 


11.3 


94.2 


78.2 


96.3 


81.3 


100.4 


18.8 


58.4 


1938 






























i 


50.0 


48.7 


50.0 


- 


- 


1.8 


48.2 




16.8 


12.6 


16.8 


12.6 


13.5 


17.0 


1.0 


ii 


50.0 


89.8 


50.0 


89.8 


89.8 


25.3 


24.7 




4.0 


1.5 


4.0 


- 


- 


7.5 


3.5 


iii 


- 


- 


- 


48.7 


48.7 


8.4 


8.4 




14.5 


2.0 


14.5 


3.5 


3.5 


9.9 


4.6 


Cumulative 
Total 


100.0 


138.5 


100.0 


138.5 


138.5 


35.4 


64.6 


35.3 


16.0 


35.3 


16.0 


16.9 


34.4 


.1 





III-Corporations 


Quarter 


Sales 


Deliv 


ERIES 


Retirements 


Net De- 
liveries 

or Retire- 
ments 




New 


Refunding 


New 


Refunding 


Refunded 


Other w 


1936 
















i 


72.8 (6) 


59.1 


32.0 <6) 


35.7 


18.1 


10.5 


39.0 


ii 


3.1 


50.8 


43. 5 <6 ' 


73.3 


41.3 


20.0 


55.4 


iii 


5.6 


41.7 


3.8 


12.7 


59.9 


5.0 


48.5 


iv 


9.7 


34.9 


9.9 


56.5 


44.1 


13.3 


9.1 


Total 


91.3 


186.6 


89.2 


178.1 


163.4 


48.9 


55.0 


1937 
















i 


27.8 


33.5 


29.4 


27.9 


39.6 


11.7 


6.0 


ii 


20.3 


8.1 


19.8 


15.6 


13.9 


19.4 


2.1 


iii 


3.3 


18.3 


4.2 


24.9 


24.5 


17.5 


12.9 


iv 


7.2 


2.3 


7.2 


2.3 


7.3 


8.6 


6.5 


Total 


58.5 


62.2 


60.6 


70.7 


85.4 


57.1 


11.2 


1938 
















i 


1.1 


.7 


1.0 


- 


- 


8.4 


7.4 


ii 


16.9 


13.2 


16.3 


13.7 


.7 


5.6 


23.7 


iii 


5.4 


15.0 


5.1 


15.2 


14.6 


3.3 


2.4 


Cumulative 
Total 


23.4 


28.9 


22.4 


28.9 


15.3 


17.3 


18.7 



I +11+ III 



Net Deliveries 

or 
Retirements 



118.8 
62.5 

7.6 
7.5 



181.3 



26.1 
27.6 
43.3 
16.6 



58.4 



39.8 

44.9 

1.4 



83.3 



iv-dominion 
Treasury Bills 


Net De- 
liveries or 
Retire- 
ments 


Total 

outstanding 

at end of 

quarter 




92.7 (7) 


27.3 


120 


- 


120 


- 


120 


30.0 


150 


57.3 






150 


15.0 


135 


15.0 


150 


— 


150 




150 


10.0 


160 


5.0 


155 


5.0 





Municipalities 

and Religious 

Institutions 


Sales <5) 


New 


Refunding 


9.1 


13.9 


9.7 


4.2 


3.1 


3.0 


3.1 


1.8 


25.1 


22.9 


11.1 


28.3 


6.1 


2.9 


4.8 


.2 


5.2 


3.9 


27.1 


35.4 


9.1 


3.4 


3.6 


1.5 


9.4 


.9 


22.1 


5.8 



(1) Subject to revision. (2) Treasury Bills are excluded. For particulars of Dominion Treasury Bills see Heading IV. (3) C.N.R. bonds guaranteed by provinces are 
treated under the heading "Other C.N.R." (4) Includes retirements through sinking fund purchases. In many cases available data did not permit more than arbitrary 
approximations for separate portions of the fiscal year. (5) It was impossible to classify issues of municipalities and religious institutions totalling $4. 1 mm. in 1936. $2. 5mm. 
in 1937 and $3.0 mm. in the first three quarters of 1938 between new and refunding. In each quarter such issues have been arbitrarily allocated in the same proportions 
as the known issues in the quarter. (6) Includes $48 mm. of C.P.R. bonds issued to refund Dominion guaranteed bank loans. $12 mm. was delivered in the first quarter 
and $36 mm. in the second quarter of 1936. (7) Total outstanding as at 31st of December, 1935. 






OCTOBER 1938 



162 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT* 







dominion"' and 


provincial"' direct and 


GUARANTEED, OTHER C.N.R. 








Millions of Dc 


tllars 






ANE 


» CORPORATION BONDS u) 














DELIVERIES were 


payable in: 




RETIREMENTS") 


were payable in: 




Net Increase or 
Net Decrease 


Quarter 


Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
and London 


(5) 
London 


Total 


Payable 

in Canada 

only 


Payable 
Elsewhere 


1936 




























i 


155.0 


96.0 


1.5 


- 


252.5 


27.5 


86.3 


7.7 


9.3 


2.9 


133.7 


127.5 


8.7 


ii 


238.2 


31.5 


1.5 


1.4 


272.6 


141.0 


4.6 


15.6 


44.8 


4.1 


210.1 


97.2 


34.7 


iii 


117.7 


- 


- 


- 


117.7 


32.7 


61.8 


4.9 


17.4 


8.6 


125.3 


85.0 


92.6 


iv 


142.8 


- 


- 


1.7 


144.5 


80.6 


6.2 


5.0 


43.1 


2.2 


137.0 


62.2 


54.7 


Total 


653.8 


127.5 


3.0 


3.1 


787.4 


281.8 


158.8 


33.2 


114.5 


17.7 


606.1 


372.0 


190.7 


1937 




























i 


113.2 


93.0 


- 


6.3 


212.6 


38.6 


.3 


108.7 


30.9 


7.9 


186.5 


74.6 


48.5 


ii 


168.3 


.8 


.5 


- 


169.6 


152.6 


12.6 


6.2 


15.2 


10.5 


197.1 


15.7 


43.3 


iii 


95.4 


- 


3.3 


4.0 


102.6 


21.3 


9.5 


10.2 


6.2 


12.2 


59.3 


74.0 


30.7 


iv 


160.9 


- 


6.5 


4.9 


172.3 


145.1 


1.8 


2.3 


2.8 


3.7 


155.7 


15.9 


.7 


Total 


537.8 


93.8 


10.3 


15.2 


657.1 


357.6 


24.2 


127.4 


55.2 


34.2 


598.6 


180.2 


121.7 


1938 




























i 


80.4 


- 


- 


- 


80.4 


34.5 


2.8 


.4 


1.5 


1.4 


40.6 


45.9 


6.1 


ii 


171.2 


.3 


- 


2.4 


173.8 


110.4 


3.6 


3.7 


1.8 


9.4 


128.9 


60.8 


15.9 


iii 


38.1 


- 


.2 


48.7 


86.9 


15.7 


1.7 


15.5 


.8 


54.7 


88.3 


22.4 


23.8 


Cumulative 
Total 


289.6 


.3 


.2 


51.1 


341.2 


160.6 


8.1 


19.6 


4.0 


65.5 


257.8 


129.1 


45.7 



(1) Subject to revision. (2) Treasury Bills are excluded. (3) Issues of municipalities and religious institutions are not included in this tabulation owing to lack of suf- 
ficient information. (4) Includes retirements through sinking fund purchases. In many cases available data did not permit more than arbitrary approximations for 
separate portions of the fiscal year. (S) Including issues payable optionally in Canada or London. 



NET DELIVERIES (+) OR RETIREMENTS (-) OF BONDS: 1936-38 



MILLIONS OF DOLLARS 



QUARTERLY 



MILLIONS OF DOLLARS 



I50 
I00 

50 

+ 



50 

+ 



50 
I00 



PAYABLE IN CANADA ONLY 



KEY 

Hi'' 1 ' 

i(3) 





150 
100 

50 

+ 



50 

+ 



50 
100 



1936 1937 1938 

(1) Dominion Direct and Guaranteed and Other C.N.R. Bonds. (2) Provincial Direct and Guaranteed Bonds. (3) Corporation Bonds. 



163 



OCTOBER 1938 



VI— PUBLIC FINANCE 
Dominion Direct and Guaranteed Funded Debt Outstanding* 



Millions of Dollars 


CLASSIFIED ACCORDING TO TERM REMAININGt 








TERM IN YEARS 








Over 1 


Over 2 


Over 3 


Over 5 


Over 10 




Total Amount 




1 or less 


not more 


not more 


not more 


not more 


not more 


Over IS 


Outstanding* 






than 2 


than 3 


than 5 


than 10 


than IS 






1926 


139.8 


122.0 


54.5 


81.0 


1,187.8 


532.1 


948.2 


3,065.3 


1927 


127.4 


55.5 


100.6 


83.2 


1,270.3 


420.2 


1.012.6 


3,069.7 


1928 


58.4 


100.6 


47.6 


156.7 


1,421.3 


182.7 


1,077.2 


3,044.6 


1929 


117.7 


47.6 


80.5 


525.5 


1,026.1 


276.7 


965.5 


3,039.7 


1930 


47.7 


80.5 


76.2 


1,021.3 


455.1 


326.8 


1,080.3 


3,088.0 


1931 


80.6 


116.2 


449.3 


615.4 


537.3 


247.4 


1,254.7 


3,300.8 


1932 


92.4 


172.6 


286.2 


240.0 


561.5 


272.2 


1,921.5 


3,546.5 


1933 


282.7 


321.2 


68.4 


435.4 


322.6 


276.8 


1,971.7 


3,678.8 


1934 


427.4 


157.8 


196.0 


293.1 


463.6 


219.2 


2,046.5 


3,803.6 


1935 


276.6 


259.4 


239.0 


225.3 


506.9 


307.7 


2,114.4 


3,929.3 


1936 


304.4 


239.0 


197.5 


267.2 


703.8 


332.0 


2,062.6 


4,106.6 


1937 


239.1 


197.5 


191.2 


343.7 


632.2 


377.7 


2,176.1 


4,157.4 


1938 


197.5 


231.2 


201.0 


319.2 


561.7 


678.3 


1,993.0 


4,181.9 



Millions of Dollars 



CLASSIFIED ACCORDING TO TERMt AT DATE OF ISSUE 





TERM IN YEARS 








Over 1 


Over 2 


Over 3 


Over 5 


Over 10 




Total Amount 




1 or less 


not more 


not more 


not more 


not more 


not more 


Over IS 


Outstanding* 






than 2 


than 3 


than 5 


than 10 


than 15 






1926 


70.3 


43.0 


28.8 


103.1 


258.3 


1,144.0 


1,417.9 


3,065.3 


1927 


5.4 


1.0 


29.1 


124.5 


278.6 


1,148.8 


1,482.3 


3,069.7 


1928 


9.1 


1.0 


46.1 


87.7 


203.1 


1,148.8 


1,548.8 


3,044.6 


1929 


22.5 


— 


46.1 


40.2 


196.9 


1,148.8 


1,585.1 


3,039.7 


1930 


.1 


— 


45.0 


2.2 


140.8 


1,148.8 


1,751.0 


3,088.0 


1931 


.1 


40.0 


— 


1.1 


139.3 


1,148.8 


1,971.5 


3,300.8 


1932 


15.1 


40.0 


— 


79.5 


240.6 


507.9 


2,663.4 


3,546.5 


1933 


110.1 


35.0 


25.0 


79.5 


203.5 


507.6 


2,718.1 


3,678.8 


1934 


50.1 


184.4 


25.0 


79.5 


248.9 


421.3 


2,794.4 


3,803.6 


1935 


118.9 


152.7 


25.0 


202.5 


271.3 


335.9 


2,823.0 


3,929.3 


1936 


45.0 


63.3 


143.4 


222.5 


416.3 


334.4 


2,881.6 


4,106.6 


1937 


— 


— 


143.4 


267.9 


460.8 


328.7 


2,956.5 


4,157.4 


1938 


— 


40.0 


143.4 


347.9 


480.8 


449.8 


2,719.9 


4,181.9 



Millions of Dollars ANNUAL INTEREST PAYABLE CLASSIFIED ACCORDING TO COUPON RATES 





COUPON RATE 


Total Annual 
Interest 
Payable 




As at Mar. 31 


3% or less 


Over 3% 
not more 
than i l A% 


Over 3]/ 2 % 
not more 
than 4% 


Over 4% 

not more 

than 4>£% 


Over iy 2 % 
not more 
than 5% 


Over 5% 

not more 

than 5Y 2 % 


Over 5y 2 % 


Average 
Coupon Rate 


1926 


2.6 


7.7 


17.7 


8.4 


29.8 


78.8 


6.6 


151.6 


4.95% 


1927 


3.3 


7.7 


13.2 


13.3 


28.5 


78.8 


6.6 


151.4 


4.93% 


1928 


3.2 


7.7 


13.9 


16.2 


28.3 


73.1 


6.6 


149.1 


4.90% 


1929 


3.2 


7.7 


13.9 


18.1 


26.2 


72.9 


6.6 


148.6 


4.89% 


1930 


3.2 


7.7 


13.9 


15.9 


34.0 


69.8 


6.6 


151.1 


4.89% 


1931 


3.2 


7.7 


17.7 


19.0 


36.3 


69.8 


6.6 


160.3 


4.86% 


1932 


3.2 


7.7 


17.7 


50.2 


44.2 


36.7 


6.5 


166.2 


4.69% 


1933 


3.1 


7.7 


23.1 


52.5 


43.3 


34.8 


6.4 


171.0 


4.65% 


1934 


3.1 


10.9 


33.4 


50.4 


43.2 


25.2 


6.4 


172.6 


4.54% 


1935 


12.6 


16.5 


27.0 


49.6 


43.2 


13.0 


6.4 


168.3 


4.28% 


1936 


21.9 


14.9 


26.0 


45.1 


43.1 


13.0 


3.0 


167.0 


4.07% 


1937 


26.5 


16.7 


26.0 


45.1 


34.5 


13.0 


1.6 


163.4 


3.93% 


1938 


29.9 


19.7 


26.0 


45.1 


34.4 


— 


1.6 


156.7 


3.75% 



* Gross amount outstanding, including temporary loans but excluding School Land Debenture Stock, discount Treasury Bills and all matured items, 
t To final maturity date, excluding consideration of any callable features which may exist. 



OCTOBER 1938 



164 



VI— PUBLIC FINANCE 
Dominion Direct and Guaranteed Funded Debt Outstanding* 



5000 



Millions of Dollars 



TOTAL AMOUNT OUTSTANDING CLASSIFIED ACCORDING TO 
TERM REMAINING f 



Millions of Dollars 



5000 



4000 



AS AT MARCH 31 




4000 



3000 



3000 



2000 



1000 



2000 



1000 



TOTAL ANNUAL INTEREST PAYABLE CLASSIFIED ACCORDING TO COUPON RATE, 

Millions of Dollars AND AVERAGE COUPON RATE Per Cent. 




1926 



1928 



1929 



1930 



1931 



1933 



1934 



4^2% 



3'/ 2 % 

1938 



1935 1936 1937 

* Gross amount outstanding, including temporary Loans but excluding School Land Debenture Stock, discount Treasury Bills and all matured items 
t To final maturity date, excluding consideration of any callable features which may exist. 



165 



OCTOBER 1938 



VII— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume of 


PRODUCTION 


Con- 
struction 


Car 


Employ- 
















ment 




Business 
Index 


Nickel 


Copper 


Steel 


Auto- 
mobiles 


News- 


Central 
Electric 


Contracts 


Loadings 


Index") 




Seasonally 








& Trucks 




Stations 






Seasonally 
adjusted 




adjusted 


Thousands 


Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 






1926 = 100 


Short Tons 


Short Tons 


Long Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


1926 = 100 


Annual TotalsU) 






















1926 


100.0 


33 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


55 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


15 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


42 


150 


410 


66 


2,022 


17,339 


97 


2,032 


84.2 


1934 


94.2 


64 


182 


758 


117 


2,605 


21,197 


126 


2,321 


96.4 


1935 


102.4 


69 


210 


942 


173 


2,765 


23,283 


160 


2,358 


99.8 


1936 


112.2 


85 


211 


1,116 


162 


3,225 


25,394 


163 


2,494 


104.0 


1937 


122.8 


112 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1937-May 


122.0 


9.2 


20.8 


120.8 


23.5 


309.2 


2,301 


24.2 


208.8 


114.3 


June 


126.0 


10.5 


21.3 


118.7 


23.8 


310.9 


2,255 


30.4 


214.2 


116.8 


July 


126.5 


7.9 


20.9 


123.0 


17.9 


314.5 


2,188 


21.5 


219.3 


116.8 


Aug. 


123.4 


10.3 


22.3 


126.7 


10.7 


318.7 


2,198 


24.8 


231.0 


118.4 


Sept. 


123.8 


9.5 


24.0 


114.6 


4.4 


312.4 


2,204 


21.7 


262.0 


119.6 


1938-May 


110.7 


9.3 


24.2 


114.9 


18.1 


207.7 


2,082 


18.6 


190.2 


111.9 


June 


108.4 


8.2 


24.2 


109.4 


14.7 


201.7 


1,973 


20.9 


187.5 


111.3 


July 


109.1 


8.7 


24.8 


83.9 


9.0 


202.6 


1,988 


21.2 


182.6 


109.1 


Aug. 


110.5 (3> 


8.3 


24.7 


82.8 


6.5 


220.3 


2,072 


22.1 


213.1 


110.6 o) 


Sept. 


119.3' 4 ' 






73.6 


6.1 


231.9 


2,164 


19.5 


249.6 


111.0 (4> 



(1) As at end of month. (2) Average of months in case of Physical Volume of Business and Employment Indexes. (3) Revised. (4) Preliminary. 



THOUSANDS OF CARS 
10 



CARLOADINGS 

MONTHLY AVERAGE OF WEEKLY FIGURES 
RATIO SCALE 




THOUSANDS OF CARS 
20 




OCTOBER 1938 



166 



VIII— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau oj Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


Monthly 












1937-Sept. 


863< 3) 


83.7 


82.1 <3) 


81.3 <3> 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Jan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 


Mar. 


83.0 


79.7 


81.2 


82.0 


83.1 


Apr. 


82.5 


79.0 


80.6 


81.3 


82.3 


May 


77.3 


75.8 


78.4 


79.4 


80.3 


June 


76.6 


75.3 


79.2 


79.2 


80.1 


July 


71.5 


72.5 


79.0 


78.4 


78.6 


Aug. 


64.2 


67.5 


75.8 


77.0 


76.0 


Sept. 


62.4 


65.6 


74.3 


75.6 


74.5 



U.K. 

Board of Trade w 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 


82.4 


84.0 


82.0 


83.2 


82.1 


82.3 


81.3 


81.3 


80.0 


81.2 


77.5 


80.3 


75.2 


79.4 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 


70.3 


73.2 


73.5 


83.4 


79.7 


68.4 


71.3 


72.3 


82.7 


78.7 


67.5 


70.7 


72.1 


82.1 


78.1 


68.7 


71.4 


73.1 


82.2 


78.3 


69.4 


72.3 


74.3 


82.5 


78.8 


67.3 


71.4 


73.0 


81.8 


78.1 


68.1 


72.0 


74.5 


81.8 


78.3 



(1) Adjusted to 1926= 100 from base 1913 = 100 in 1926-29 and from base 1930 = 

(2) Bureau of Labour Index of Prices of Finished Products. (3) Revised. 



100 in 1930 and thereafter. 



SPOT PRICES OF INDUSTRIAL RAW MATERIALS 



RATIO SCALE 




<3)HCAVV MCLTING. dTTStuOOH t3)CLCC"rR< 



i 3 funds <«)OCToet>» 20. 



167 



OCTOBER 1938 



IX— EXTERNAL TRADE: VOLUME OF IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 























Structural 


Index: ' 




Sugar 


Tea 


Coffee 


Raw 
Cotton 


Raw 
Wool 


Petroleum 
Oils 


Crude 
Rubber 


Coal 


Tin 
Plate 


Iron 
and 
Steel 


Volume 

of 

Total 




Pounds 


Pounds 


Pounds 


Pounds 


Pounds 


Gallons 


Pounds 


Short ton? 


Short tons 


Short tons 


Imports 




Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Thousands 


Thousands 


1926 = 100 


Calendar Year Totals 
























1926 


1,161 


38 


25 


135 


15 


766 


45 


17 


75 


203 


100 


1929 


951 


39 


29 


136 


12 


1,359 


80 


18 


82 


381 


137 


1932 


868 


40 


31 


97 


9 


1,115 


47 


12 


40 


31 


64 


1933 


790 


39 


34 


120 


14 


1,119 


43 


11 


81 


19 


55 


1934 


860 


39 


35 


144 


15 


1,206 


64 


13 


85 


32 


67 


1935 


901 


35 


35 


121 


15 


1,293 


60 


12 


81 


43 


70 


1936 


1,041 


40 


41 


150 


23 


1,378 


62 


13 


94 


53 


79 


1937 


930 


40 


38 


158 


24 


1,503 


81 


15 


117 


76 


89 


12 Months Ending 
























Aug. 1938 


1,028 


38 


43 


141 


15 


1,467 


71 


14 


94 


53 


86 


Monthly Totals 
























1937— Mar. 


49.3 


4.9 


4.3 


15.5 


4.1 


58.6 


5.9 


1.2 


4.7 


7.8 


93 


Apr. 


53.1 


3.1 


2.5 


8.6 


3.4 


65.3 


3.0 


1.0 


11.1 


7.1 


74 


May 


86.1 


2.8 


4.5 


15.3 


1.8 


144.8 


9.4 


1.4 


14.1 


6.5 


100 


June 


86.9 


3.1 


2.8 


13.3 


4.3 


169.2 


8.5 


1.1 


12.6 


7.1 


99 


July 


76.5 


2.9 


3.3 


12.3 


1.2 


179.4 


4.4 


1.1 


12.5 


10.7 


93 


Aug. 


105.7 


3.0 


2.3 


5.2 


1.6 


172.8 


7.9 


1.3 


11.8 


7.4 


90 


1938— Mar. 


34.8 


3.6 


5.2 


13.1 


3.3 


71.0 


4.8 


1.1 


6.1 


3.5 


92 


Apr. 


41.6 


2.2 


2.8 


6.8 


1.5 


58.8 


2.2 


.7 


7.2 


3.1 


70 


May 


145.7 


3.1 


5.5 


11.9 


1.6 


160.1 


5.7 


1.2 


12.3 


4.3 


96 


June 


110.0 


4.7 


3.6 


9.5 


.7 


164.0 


7.3 


.9 


5.6 


5.3 


85 


July 


102.2 


2.3 


3.4 


7.6 


1.5 


168.2 


6.0 


1.1 


7.7 


4.4 


80 


Aug. 


117.5 


2.6 


2.9 


8.3 


.6 


150.4 


4.1 


1.1 


12.0 


3.8 


82 



(1) Index of Total Import Values divided by D.B.S. Import Price Index. 



MERCHANDISE IMPORTS = INDEXES 0E VALUE. PRICE AND VOLUME = 1926-38 



1926 = 100 

140 



1926 = 100 

140 




1927 1923 1929 1930 1931 1932 

(1) Averages in the case of "Price". (2) Running 12-month totals 1936-38. 



1933 1934 1935 

tlndex (4) divided by Index (3). 



1936 1937 1938 

(5) 12 months ending September 1938. 



OCTOBER 1938 



168 



IX— EXTERNAL TRADE: VOLUME OF EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Wheat 

and 

Flour 


Fish 


Bacon 

and 
Hams 


Cheese 


Newsprint 

and 

Wood 

Pulp 


Lumber 


Nickel 


Copper 


Auto- 
mobiles 

and 
Trucks 


Non- 
Monetary 
Gold* 


Index:"' 

Volume 

of 

Can. 




Bushels 


Pounds 


Pounds 


Pounds 


Short tons 


Board Feet 


Short tons 


Short tons 




Fine ounce 


Exports 




Millions 


Millions 


Millions 


Millions 


Thousands 


Millions 


Thous'ds 


Thous'ds 


Thousands 


Thousands 


1926 = 100 


Calendar Year Totals 
























1926 


297 


435 


93 


135 


2,738 


2,132 


32 


59 


74 


677 


100 


1929 


254 


417 


29 


93 


3,346 


1,755 


55 


124 


102 


1,742 


100 


1932 


251 


258 


36 


87 


2,229 


674 


16 


133 


13 


2,602 


73 


1933 


217 


303 


73 


74 


2,447 


1,018 


44 


124 


20 


2,771 


78 


1934 


191 


288 


120 


61 


3,020 


1,368 


59 


156 


43 


3,143 


86 


1935 


188 


323 


125 


56 


3,237 


1,337 


71 


199 


64 


3,343 


93 


1936 


265 


321 


158 


82 


3,748 


1,750 


87 


206 


56 


3,771 


112 


1937 


114 


324 


196 


89 


4,326 


1,858 


111 


219 


66 


4,165 


102 


12 Months Ending 
























Aug. 1938 


93 


294 


174 


83 


3,898 


1,724 


100 


262 


58 


4,412 


96 


Monthly Totals 
























1937— Mar. 


6.5 


28.3 


20.5 


1.3 


376.9 


148.8 


12.1 


20.6 


7.1 


215 


95 


Apr. 


4.9 


15.1 


13.6 


.7 


313.4 


101.1 


6.6 


11.5 


5.7 


202 


68 


May 


9.6 


19.2 


20.9 


2.4 


374.2 


152.8 


10.9 


17.8 


5.0 


412 


111 


June 


13.9 


17.8 


20.4 


6.9 


385.0 


182.2 


10.8 


18.6 


6.8 


570 


124 


July 


10.1 


21.5 


14.5 


15.1 


377.3 


171.2 


8.8 


22.0 


8.1 


335 


105 


Aug. 


7.8 


21.0 


16.5 


13.2 


352.8 


170.0 


10.7 


19.9 


8.8 


354 


109 


1938— Mar. 


4.8 


16.2 


16.2 


.9 


254.2 


147.3 


10.2 


27.0 


7.6 


505 


99 


Apr. 


2.4 


9.9 


13.7 


1.6 


219.3 


91.0 


5.9 


19.6 


4.1 


267 


66 


May 


4.7 


13.5 


18.0 


3.7 


257.4 


125.0 


8.5 


29.6 


5.3 


409 


92 


June 


8.6 


18.6 


12.5 


5.5 


230.2 


166.2 


4.7 


21.2 


5.8 


320 


79 


July 


8.5 


19.6 


12.5 


11.7 


238.3 


165.9 


7.3 


23.7 


4.8 


324 


93 


Aug. 


7.6 


21.7 


10.9 


10.6 


278.0 


147.2 


7.4 


23.2 


3.9 


476 


110 



* Net exports, adjusted for changes in "earmarked" gold. (1) Index of Canadian Export Values divided by D.B.S. Export Price Index adjusted to 
include non-monetary gold. 



MERCHANDISE EXPORTS ': INDEXES OF VALUE. PRICE AND VOLUME ■ 1926-38 



1926-100 

140 



1926=100 

140 




1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 

* Including non-monetary gold. (1) Averages in the case of "Price". (2) Running 12-month totals 1936-38. (3) D.B.S. Export Price Index 
adjusted to include non-monetary gold. flndex (4) divided by Index (3). (S) 12 months ending September 1938. 



169 



OCTOBER 1938 



X— ESTIMATED EMPLOYMENT AND UNEMPLOYMENT^ 

Dominion Bureau of Statistics 













INDEX 












NUMBER IN 


THOUSANDS 


1932 = 100 


INDEXES 1926 = 


= 100 






















Ratio: Un- 




Persons 


Wage 


Wage 


Total 


Persons 


Wage 


Wage 


Total 


employed 




in Gainful 


Earners 


Earners 


Wage 


in Gainful 


Earners 


Earners 


Wage 


To 




Occupations 


Employed 


Unemployed 


Earners 


Occupations 


Employed 


Unemployed 


Earners 


Total Wage- 
Earners 


Annual Average 




















1926 


* 


2,042 


99 


2,140 


* 


100.0 


100.0 


100.0 


4.6 


1929 


* 


2,444 


107 


2,551 


* 


119.7 


108.1 


119.2 


4.2 


1932 


4,017 


1,820 


639 


2,459 


100.0 


89.1 


645.5 


114.9 


26.0 


1933 


4,089 


1,788 


647 


2,434 


101.8 


87.6 


653.5 


113.7 


26.6 


1934 


4,157 


2,009 


520 


2,530 


103.5 


98.4 


525.3 


118.2 


20.6 


1935 


4,230 


2,056 


483 


2,539 


105.3 


100.7 


487.9 


118.6 


19.0 


1936 


4,297 


2,142 


430 


2,572 


107.0 


104.9 


434.3 


120.2 


16.7 


1937 


4,366 


2,369 


337 


2,706 


108.7 


116.0 


340.4 


126.4 


12.5 


Month-end 




















1937— May 


4,357 


2,353 


327 


2,680 


108.5 


115.2 


330.3 


125.2 


12.2 


June 


4,361 


2,453 


294 


2,747 


108.6 


120.1 


297.0 


128.4 


10.7 


July 


4,368 


2,470 


277 


2,747 


108.7 


121.0 


279.8 


128.4 


10. 1 


Aug. 


4,373 


2,536 


245 


2,781 


108.9 


124.2 


247.5 


130.0 


8.8 


Sept. 


4,381 


2,587 


225 


2,812 


109.1 


126.7 


227.3 


131.4 


8.0 


1938— May 


4,430 


2,304 


400 


2,704 


110.3 


112.8 


404.0 


126.4 


14.8 


June 


4,435 


2,338 


387 


2,725 


110.4 


114.5 


390.9 


127.3 


14.2 


July 


4,442 


2,308 


407 


2,715 


110.6 


113.0 


411.1 


126.9 


15.0 


Aug. 


4,447 


2,378 


362 


2,740 


110.7 


116.5 


365.7 


128.0 


13.2 


Sept. 


* 


2,402 


346 


2,748 


* 


117.6 


349.5 


128.4 


12.6 



JWage-earners are defined in general, as persons who have worked for a wage or salary or who have had specific vocational training. Part-time workers 
are, with appropriate fractional weightings, included in both the employed and unemployed categories. The heading "Persons in Gainful Occupations" 
includes, in addition to "Wage Earners Employed", all employers, farmers and their sons, and others doing gainful work but not receiving directly a wage 
or salary. *Not available. 

ESTIMATED EMPLOYMENT AND UNEMPLOYMENT OF WAGE-EARNERS 

EMPLOYED UNEMPLOYED 



THOUSANDS 



month-end figures 



thousands 



2600 



2400 



2200 








OCTOBER 1938 



170 



Millions of Dollars 



XI— CONSTRUCTION CONTRACTS AWARDED 

Compiled from MacLean Building Reports Limited 





Private Contracts 


Public 


Total 
Con- 


Distribution by Areas 
























Resi- 


In- 


Business 


Engin- 


Total 


Contracts 


Maritime 


Quebec 


Ontario 


Western 




dential 


dustrial 




eering 


Private 














Annual Totals 
























1926 


109.6 


79.7 


84.3 


25.0 


298.5 


74.4 


372.9 


8.4 


151.9 


141.9 


70.7 


1929 


128.9 


63.0 


139.6 


99.4 


430.9 


145.7 


576.7 


20.2 


187.8 


215.8 


152.9 


1933 


23.9 


9.1 


16.2 


9.0 


58.2 


39.1 


97.3 


7.2 


32.5 


42.6 


15.0 


1934 


30.6 


8.0 


19.3 


13.1 


71.1 


54.7 


125.8 


10.0 


34.1 


63.4 


18.3 


1935 


36.4 


10.3 


19.8 


22.1 


88.6 


71.7 


160.3 


14.4 


44.5 


70.9 


30.6 


1936 


42.9 


15.0 


24.4 


29.9 


112.2 


50.4 


162.6 


17.9 


45.7 


72.4 


26.5 


1937 


56.2 


33.8 


33.4 


28.0 


151.4 


72.6 


224.1 


21.6 


71.9 


97.8 


32.8 


12 Mths. Ending 
























Sept. 1938 


53.3 


16.6 


31.0 


28.4 


129.3 


59.8 


189.1 


20.4 


67.3 


70.8 


30.7 


Monthly Totals 
























1937-Apr. 


6.4 


3.0 


3.4 


1.0 


13.8 


10.7 


24.4 


5.1 


4.5 


11.4 


3.4 


May 


6.5 


1.5 


3.1 


2.9 


14.0 


10.2 


24.2 


4.9 


6.2 


10.0 


3.1 


June 


7.0 


7.5 


4.4 


2.2 


21.1 


9.3 


30.4 


1.7 


8.1 


17.1 


3.5 


July 


5.4 


3.8 


3.8 


1.7 


14.7 


6.8 


21.5 


1.1 


7.3 


7.7 


5.4 


Aug. 


4.7 


1.9 


2.7 


3.3 


12.7 


12.2 


24.8 


1.6 


11.7 


8.4 


3.2 


Sept. 


4.8 


7.5 


2.5 


2.4 


17.3 


4.5 


21.7 


.7 


6.6 


11.9 


2.6 


1938-Apr. 


5.3 


2.2 


2.0 


2.2 


11.6 


3.4 


15.0 


1.3 


4.2 


6.5 


3.0 


May 


7.7 


1.4 


3.5 


1.7 


14.3 


4.3 


18.6 


2.2 


6.2 


8.0 


2.3 


June 


6.2 


3.3 


3.4 


1.7 


14.6 


6.4 


20.9 


4.1 


5.5 


9.3 


2.0 


July 


5.8 


2.0 


2.9 


3.3 


14.0 


7.2 


21.2 


2.2 


8.7 


6.7 


3.5 


Aug. 


5.3 


1.0 


3.1 


l.S 


11.2 


11.0 


22.1 


2.0 


6.8 


9.9 


3.4 


Sept. 


4.6 


.9 


4.3 


1.9 


11.7 


7.8 


19.5 


1.8 


8.0 


5.8 


3.9 



PRIVATE CONSTRUCTION CONTRACTS AWARDED 



MILLIONS OF DOLLARS 



RUNNING 3-MONTH TOTALS 



MILLIONS OF DOLLARS 





DJFMAMJjASOND 



NOVEMBER 1938 



171 



Millions of Dollars 

4501 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



BANK OF CANADA LIABILITIES 



OTHER ACCOUNTS 




CHARTERED BANK DEPOSITS g 
WITH BANK OF CANADA | 









50 









Millions of Dollars 

450 




JJASONDJFMAMJJASONDJFMAMJJASOND 
1936 1937 1938 



JJASONDJrMAMJJASONDjrMAMJJASOND 
1936 1937 1938 



172 



Millions of Dollars 



NOVEMBER 1938 

I— BA> 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 

Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 
Assets 
or 
Liabiliti 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


322.0 


1937-12 Mths. 


49.8 


191.4 


241.2 


25.8 


1.2 


90.0 


13.5 


372.2 


1937— Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395.7 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420.6 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400.S 


1938— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386.7 


Feb. 


51.6 


193.7 


245.3 


21.6 


2.4 


98.6 


13.3 


381.3 


Mar. 


49.6 


193.2 


242.8 


23.4 


2.6 


100.0 


13.6 


382.4 


Apr. 


52.8 


190.7 


243.5 


20.3 


2.7 


101.9 


13.8 


382.2 


May 


54.9 


193.3 


248.2 


16.4 


2.8 


102.1 


14.4 


383.S 


June 


53.0 


190.8 


243.8 


42.4 


2.1 


101.4 


15.1 


404. £ 


July 


55.1 


192.6 


247.7 


16.0 


2.0 


101.3 


13.7 


380.7 


Aug. 


55.4 


199.8 


255.2 


13.3 


1.6 


104.3 


12.9 


387.2 


Sept. 


60.2 


205.5 


265.7 


21.4 


1.0 


111.5 


9.3 


408.J 


Oct. 


62.0 


216.2 


278.2 


28.6 


1.4 


118.4 


9.5 


436.C 


Wednesdays 

Nov. 2 


56.2 (2 ' 


221.5 


277.7 (2) 


27.8 


1.5 


120.8 (2) 


11.5 


439.J 


9 


58.6 <2) 


221.7 


280.3 (2) 


25.1 


1.9 


117.7 (2) 


10.2 


435.1 


16 


60.8 (2) 


219.7 


280.5 (2) 


23.8 


.6 


115.6 (2) 


11.5 


432.( 


23 


60.3 (2) 


221.3 


281.6 C2) 


26.2 


1.9 


112.7 (2) 


9.7 


432.1 



(1) Includes "Other Securities". 



(2) Estimates. 



CHARTERED BANKS « DEPOSIT LIABILITIES IN CANADA ; 1926-38 

MILLIONS Or DOLLARS MILLIONS Or DOLLARS 



2500 



2000 




2500 



2000 



1500 



1000 



1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 



NOVEMBER 1938 
CANADA 



173 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 




Sold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total") 




54.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


Average of 
Wednesday Figures 

1935- 9 Mths 


79.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12 Mths 


82.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12 Mths 


79.5 


2.6 


28.5 


210.6 


55.13 


72.7 


96.5 


180.5 


- 


4.5 


Oct. —1937 


79.9 


2.7 


26.7 


209.2 


51.47 


96.0 


97.1 


205.3 


- 


6.1 


Nov. 


79.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


79.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan.— 1938 


80.0 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


80.2 


3.0 


22.3 


205.5 


55.72 


119.3 


41.5 


173.1 


- 


3.8 


Mar. 


80.7 


1.8 


21.5 


204.0 


55.37 


116.3 


41.5 


170.1 


2.8 


5.4 


Apr. 


81.3 


.4 


24.4 


206.1 


55.78 


120.7 


39.0 


170.9 


- 


7.0 


May 


81.9 


- 


37.7 


219.6 


56.34 


113.3 


51.9 


171.3 


- 


14.0 


June 


80.8 


- 


26.5 


207.3 


56.48 


114.5 


52.5 


167.8 


- 


5.6 


July 


80.5 


- 


26.0 


206.5 


55.17 


121.3 


52.5 


173.8 


- 


6.9 


Aug. 


81.5 


- 


32.9 


214.4 


53.65 


139.8 


48.9 


188.7 


- 


5.8 


Sept. 


81.4 


- 


36.2 


217.6 


51.02 


161.9 


46.1 


208.0 


4.8 


5.6 


Oct. 


81.0 




36.6 


217.7 


50.88 


165.5 


44.8 


210.3 


5.0 


6.3 


Wednesdays 

Nov. 2 


81.0 


- 


35.8 


216.8 


51.01 


164.3 


43.4 


207.7 


5.0 


5.7 


9 


81.5 


- 


38.9 


220.5 


52.43 


164.4 


42.1 


206.5 


- 


5.0 


16 


81.3 


— 


42.3 


223.5 


52.92 


161.8 


41.1 


202.9 


— 


5.6 


23 



CHARTERED BANKS = RATIO: PUBLIC DEMAND TO TIME DEPOSITS IN CANADA = 1926-38 

PER CENT PER CENT 



52% 



48% 



44% 



40% 



36% 



32» 



52% 



48% 



44% 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 193& 1939 1940 



174 



NOVEMBER 1938 























II— CHAR' 


Millions of Dollars 




















Bam 




LIABILITIES 






Notes 


Deposits 


Cash 

in 

Canada' 3 ' 


Securities 








Dom. 


Canadian 


Foreign 


Total 


DOM. -PROV. 


Oth 










and Prov. 


Deposits"' 


Deposits' 21 


Short 


Long 




Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


18 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


15 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


20 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


21 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


18 


1935 


126 


569 


1,445 


65 


2,104 


348 


2,476 


216 


407 


454 


IS 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


25 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


3C 


End of 
























1937— Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


31 


Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,825 


268 


425 


660 


3CI 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


3CI 


1938— Jan. 


98 


640 


1,591 


84 


2,360 


399 


2,783 


251 


447 


690 


2C(1 

3( 1 


Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 


Mar. 


100 


648 


1,623 


67 


2,379 


399 


2,808 


242 


459 


685 


2! 


Apr. 


100 


687 


1,631 


96 


2,445 


398 


2,884 


243 


461 


694 


3( 


May 


97 


670 


1,625 


107 


2,438 


404 


2,880 


241 


448 


700 


3( 


June 


104 


690 


1,621 


148 


2,484 


410 


2,939 


242 


437 


719 


3(1 


July 


101 


671 


1,623 


101 


2,445 


397 


2,862 


235 


422 


717 


2( ; 


Aug. 


99 


687 


1,635 


96 


2,460 


400 


2,878 


257 


435 


710 


2< . 


Sept. 


104 


725 


1,633 


89 


2,492 


425 


2,937 


264 


445 


684 


2<i 


Oct. 


101 


749 


1,656 


75 


2,518 


419 


2,961 


286 


451 


669 


2i ' 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS: CURRENT LOANS TO THE PUBLIC IN CANADA: 1926-38 



MILLIONS OF DOLLARS 



MONTH-END FIGURES 



MILLIONS OF DOLLARS 



1400 



1200 




1000 



1000 



1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1936 



NOVEMBER 1938 



175 



D BANKS 

ada 



Millions of Dollars 



ASSETS 




Loans 




\>tal 


CANADA 


ABROAD 


Total 

Assets 


Call 


Current 

Public 


Current 
Other 


Call 


Current 


533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1 ,343 


112 


301 


248 


3,528 


696 


117 


1 ,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


,044 


82 


829 


134 


72 


146 


2,957 


,331 


93 


699 


121 


64 


150 


3,145 


,426 


107 


732 


117 


68 


165 


3,317 


,411 


82 


770 


121 


53 


173 


3,299 


,391 


87 


768 


116 


52 


159 


3,293 


,411 


76 


749 


113 


60 


166 


3,281 


,434 


72 


731 


107 


51 


168 


3,239 


,440 


70 


737 


114 


51 


169 


3,245 


,438 


63 


752 


118 


51 


169 


3,266 


,456 


64 


770 


136 


50 


160 


3,337 


|,449 


66 


769 


130 


58 


162 


3,332 


1,462 


69 


786 


135 


53 


181 


3,399 


,436 


71 


786 


134 


53 


152 


3,322 


,440 


71 


781 


132 


55 


144 


3,334 


1,421 


60 


829 


136 


45 


143 


3,400 


1,409 


66 


848 


137 


52 


142 


3,424 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




Canada* 3 ' 


Deposits' 4 ' 


Deposits in 


Note 






Canada 


Circulation' 5 ' 












Average of 










Daily I'igures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


242 


2,371 


10.2 


217 


Oct. -1937 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 


245 


2,325 


10.5 


196 


Feb. 


242 


2,331 


10.4 


199 


Mar. 


240 


2,382 


10.1 


203 


Apr. 


247 


2,401 


10.3 


199 


May 


243 


2,421 


10.0 


200 


June 


245 


2,444 


10.0 


201 


July 


254 


2,426 


10.5 


201 


Aug. 


263 


2,442 


10.8 


214 


Sept. 


277 


2,474 


11.2 


220 


Oct. 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Chartered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANK HOLDINGS OF DOM. AND PR0V. SECURITIES = 1926-38 



MILLIONS OF DOLLARS 



MONTH-END FIGURES 



MILLIONS OF DOLLARS 




600 



1150 














^^^^\*' 


- 1936 


1100 






1937—/ 












4 






j 


| , 


T 



1000 



DJTMAMJJASOND 



400 



1926 1927 

* DIRECT AND GUARANTEED 



1936 



1937 



1938 



176 



NOVEMBER 1938 



III— SECURITY PRICES 

Dank of Canada 









Dominion of Canada Bonds Payable 


in Canada 


Only 














Middle Prices 


and Yields 








Average of 
Working Days 


4H% due 


Nov. 1. 


3% due J 


une 1, 


5% due Oct. 15, 


2V 2 % due 


June 1, 


lH%due 


June 1, 




1948-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


(1) 

100.75 


(1) 

1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. 


111.42 


3.23 


98.17 


3.14 


113.38 


2.46 


102.12 


2.07 


100.68 


1.20 


Mar. 


111.85 


3.18 


98.55 


3.11 


113.84 


2.34 


102.50 


1.99 


100.84 


1.11 


Apr. 


112.15 


3.14 


99.54 


3.04 


113.89 


2.30 


102.62 


1.96 


101.03 


1.01 


May 


112.84 


3.06 


99.91 


3.01 


114.51 


2.15 


103.32 


1.81 


101.30 


.86 


June 


112.86 


3.05 


99.51 


3.04 


114.76 


2.06 


103.58 


1.74 


101.36 


.80 


July 


112.39 


3.09 


99.20 


3.06 


113.73 


2.22 


103.11 


1.83 


101.08 


.92 


Aug. 


112.45 


3.07 


99.21 


3.06 


113.46 


2.23 


102.91 


1.86 


100.81 


1.04 


Sept. 


111.00 


3.22 


97.96 


3.16 


112.34 


2.41 


102.16 


2.02 


100.32 


1.31 


Oct. 


111.73 


3.13 


98.89 


3.09 


112.62 


2.31 


102.55 


1.92 


100.38 


1.26 


Nov. (2) 


112.54 


3.03 


99.78 


3.02 


113.67 


2.06 


103.48 


1.70 


100.83 


.96 



(1) Average July 1 - Dec. 31. (2) Average Nov. 1 - 25. 



YIELDS OF DOMINION GOVERNMENT BONDS ■ 1937-38 

PAYABLE IN CANADA ONLY 



5% 




J 4 0% 



OCT NOV 



NOVEMBER 1938 



177 



III— SECURITY PRICES 

Bank of Canada 









Government Bonds 






Treasury Bills 

Three Months 


Average of 




Middle Prices and Yields 




A verage 


Yield of Successful 
Tender s w 




Car 


lada* t 


U. K.*t<» 


U.S.A.* t 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 








1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131™ 


1937 


103.37 


3.34 


101.15 


3.42 


102.61 


2.73 


.719 


.547 


.509™ 


1937— Oct. 


102.83 


3.37 


100.19 


3.49 


101.48 


2.81 


.696 


.538 


J62 w 


Nov. 


103.02 


3.35 


101.43 


3.39 


102.06 


2.76 


.816 


.509 


.143 M 


Dec. 


103.91 


3.28 


101.37 


3.40 


102.78 


2.71 


.761 


.688 


.124 {5) 


1938— Jan. 


104.34 


3.23 


102.12 


3.35 


103.33 


2.66 


.726 


.500 


All 


Feb. 


104.80 


3.18 


102.68 


3.31 


103.43 


2.65 


.648 


.504 


.078 


Mar. 


105.20 


3.14 


100.93 


3.42 


103.57 


2.64 


.524 


.506 


.070 


Apr. 


105.85 


3.09 


101.44 


3.39 


103.68 


2.63 


.503 


.512 


.061 


May 


106.38 


3.03 


101.48 


3.39 


105.04 


2.52 


.471 


.504 


.027 


June 


106.19 


3.04 


101.68 


3.37 


105.15 


2.51 


.465 


.574 


.016 


July 


105.80 


3.07 


102.52 


3.31 


105.24 


2.50 


.489 


.522 


.054 


Aug. 


105.83 


3.07 


102.06 


3.35 


105.51 


2.48 


.519 


.506 


.047 


Sept. 


104.48 


3.19 


98.45 


3.56 


104.53 


2.55 


.608 


.945 


.106 


Oct. 


105.31 


3.11 


99.50 


3.52 


105.71 


2.46 


.747 


.773 


.018 


Nov. <6) 


106.16 


3.02 


99.38 


3.52 


105.47 


2.47 


.693 


.526 


.027 



* Average of two long term issues for each country. 

t Differing coupon rates and maturity provisions, and the fact that the U. S. Treasury issues are exempt from "normal" income tax, vitiate any direct 
comparison of absolute yield levels. 

(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) On (or nearest to) 15th of each month. (3) 9 months. (4) 120 days. (5) 96 days. (6) Average Nov. 1 - 25 for Bond Prices & Yields. 



DOMINION OF CANADA 3 MONTHS TREASURY BILLS 1936-38 



YIELD PER CENT 



PAYABLE IN CANADA ONLY 



MILLIONS Or DOLLARS 



12% 



1-0% -it— ^r™ 




178 



NOVEMBER 1938 



IV— PUBLIC FINANCE : DOMINION GOVERNMENT 

Department of Finance and Comptroller of the Treasury 



Millions of Dollars 



7 Months Ending October 



1938 1 



1937 



% Change 



Fiscal Year 

ending 
Mar. 1938 



12 Months 

ending 
Oct. 1938 



Budget 
Estimates 
Fiscal Year 

ending 
Mar. 1939 (2) 



Revenue 

Income Tax 

Sales Tax u> 

Other Excise Taxes 

Excise Duties 

Customs Import Duties 

Post Office Dept 

All Other Ordinary Revenue 

Total Ordinary Revenue 

Special Revenue 

Total 1 

Expenditure 

Interest on Public Debt 

Subsidies to Provinces 

Interim Grants to Provinces 

Old Age Pensions Subventions to Provinces 

Dept. of National Defence 

Dept. of Pensions & National Health 

Dept. of Public Works 

Post Office Dept 

Payt. to Maintain Annuities Reserve 

All Other Ordinary Expenditure 

Total Ordinary Expenditure 

Relief Grants-in-Aid to Provinces 

Relief Works and Drought Area Relief. . . . 

Payts. re C.N.R. Deficit 

Payts. re Other Gov't Owned Enterprises. 

Capital Expenditure (Net) 

Total 2 

Surplus or Deficit (Net of Totals 1 and 2) 

Principal Loans or Investments 

Loans to Provinces re Relief 

Loans to Can. Farm Loan Board 

Loans under Housing Acts 

Loans to National Harbours Board 

Loans to C.N.R. re Maturities, 

Construction, etc 

Total 3 

Sum of Totals 1, 2 and 3 <5) 



120.3 
69.8 
22.7 
31.5 

48.7 
18.1 
10.5 

321.5 
.4 

321.9 



71.1 
0.9 
4.7 

14.4 

17.5 

32.4 

7.8 

18.7 

47.4 
220.9 

9.0 

10.0 

42.0 

1.1 

2.8 

285.8 

36.1 



99.0 
70.9 

24.7 
31.8 

57.1 
18.3 
11.0 

318.9 
.9 

319.8 



75.8 
0.9 
4.3 

14.7 

13.1 

31.9 

6.6 

17.9 

46.8 
218.0 

10.1 

13.6 

29.3 

.5 

2.5 

274.0 

45.8 



(4) 


(4) 


4.0 


-3.1 


1.5 


2.8 


1.5 


1.0 


- 


1.0 


35.2 


2.2 


42.2 


12.1 



+21 

- 9 

- 8 

- 1 

-15 

- I 

- 5 
+ I 

+ I 



+ 9 
- 2 

+34 
+ 2 
+18 
+ 4 

+ 1 
+ I 

-11 
-27 



+ 4 



6.1 



33.7 



120.4 

138.1 

42.7 

52.0 

93.5 
35.5 
28.1 

510.3 
3.0 

513.3 



132.1 

13.7 

7.5 

28.7 

32.8 
55.3 
12.4 
33.8 
8.9 
89.7 
414.9 

19.5 

49.0 

42.3 

2.5 

2.8 

531.0 

17.7 

(4) 

16.3 
3.8 

1.7 
1.9 

27.4 
3.7 

14.0 



141.7 

131.0 

40.7 

51.7 

85.1 
35.3 
27.6 

512.9 
2.5 

515.4 



127.4 

13.7 
7.9 

28.4 

37.2 
55.8 
13.6 
34.6 
8.9 
90.3 
417.8 

IS. 4 

45.4 

55.0 

3.1 

3.1 

542.8 

27.4 



138.0 

125.0 

39.0 

51.0 

82.0 
35.0 
28.7 

498.7 
3.0 

501.7 



127.1 

13.7 

5.5 

30.5 

36.0 
58.3 
18.3 
36.5 

* 

96.3 
422.2 

17.5 

31.8"' 

42.0 

5.4 

5.7 

524.6 

22.9 



* No estimate available; the payment was $.5 mm. in 1936/7. (1) Subject to revision. (2) Includes no provision for any supplementary estimates which 
may be passed during the 1939 session or for any relief expenditures in the drought area authorized or to be authorized under Governor General's Warrants. 
(3) Gross sales tax collections less all excise tax refunds. (4) The 7-month figures for Principal Loans and Investments, unlike those for the fiscal year 1937/8, 
take no account of repayments. (5) Details are not available concerning other asset and liability accounts in which the net effect of changes is normally to 
supply the government with cash. The figures in this line therefore do not coincide with changes in the funded debt. 



NOVEMBER 1938 



179 



V— INTERNATIONAL PURCHASES AND SALES OF SECURITIES 



Millions of Dollars 






Dominion Bureau of Statistics 












Net Sales 






UNITED 


STATES 


UNITED 1 


vINGDOM 


OTHER COUNTRIES 




or 

Net 


Total 
Sales 


Total 
Purchases 
















Sales 


Purchases 


Sales 


Purchases 


Sales 


Purchases 




Purchases 






To 


From 


To 


From 


To 


From 


Annual Totals 




















1933 


51.1 


288.8 


237.7 


205.7 


202.9 


80.8 


27.6 


2.3 


7.2 


1934 


8.9 


321.2 


312.3 


216.0 


284.2 


102.1 


23.8 


3.1 


4.3 


1935 


51.0 


301.8 


250.8 


268.3 


200.7 


31.0 


44.1 


2.6 


5.9 


1936 


7.8 


422.5 


414.7 


338.1 


346.6 


71.8 


59.7 


12.6 


8.4 


1937 


4.8 


506.6 


511.4 


376.4 


412.7 


105.7 


85.6 


24.5 


13.1 


Monthly Totals 




















1937— July 


2.9 


26.1 


29.0 


18.0 


20.9 


6.4 


7.5 


1.7 


.7 


Aug. 


.1 


34.6 


34.5 


27.1 


27.7 


5.7 


6.1 


1.7 


.7 


Sept. 


2.8 


37.1 


34.3 


24.2 


27.8 


11.4 


5.9 


1.4 


.5 


Oct. 


5.4 


35.9 


41.3 


27.2 


34.2 


7.1 


6.0 


1.7 


1.1 


Nov. 


.6 


37.1 


31.7 


31.8 


24.1 


4.0 


6.3 


1.3 


1.3 


Dec. 


.6 


34.7 


34.1 


29.7 


27.9 


3.5 


4.9 


1.5 


1.3 


1938— Jan. 


3.9 


32.7 


28.8 


26.3 


21.3 


4.5 


6.5 


2.0 


.9 


Feb. 


4.5 


24.9 


20.4 


18.9 


15.2 


4.1 


4.1 


1.9 


1.2 


Mar. 


.5 


34.9 


34.4 


27.5 


27.2 


5.1 


5.1 


2.3 


2.1 


Apr. 


4.9 


20.5 


25.4 


15.0 


18.6 


4.0 


6.1 


1.5 


.7 


May 


2.8 


19.9 


17.1 


15.2 


12.8 


2.5 


3.4 


2.3 


.9 


June 


8.2 


33.1 


24.9 


27.5 


19.5 


3.0 


4.3 


2.7 


1.1 


July 


6.7 


37.3 


30.6 


27.6 


23.0 


6.3 


5.7 


3.4 


1.9 


Aug. 


4.8 


29.9 


25.1 


23.1 


17.9 


2.8 


6.4 


3.9 


.9 


Sept. 


7.6 


31.1 


23.5 


24.8 


19.4 


3.8 


3.3 


2.5 


.8 



INTERNATIONAL NET PURCHASES OR NET SALES Of SECURITIES = 1936-38 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




180 



NOVEMBER 19,58 



VI-INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume of 


PRODUCTION 


Con- 
struction 


Car 


Employ- 
















ment 




Business 
Index 


Gold 


Copper 


Steel 


Auto- 
mobiles 


News- 


Central 
Electric 


Contracts 


Loadings 


Index") 




Seasonally 








& Trucks 




Stations 






Seasonally 
adjusted 




adjusted 


Thousands 


Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 






1926 = 100 


Fine Ounces 


Short Tons 


Long Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


1926 = 100 


Annual TotalsU) 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,022 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 


182 


758 


117 


2,605 


21,197 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


942 


173 


2,765 


23,283 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,116 


162 


3,225 


25,394 


163 


2,494 


104.0 


1937 


122.8 


4,091 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1937-June 


126.0 


345.4 


21.3 


118.7 


23.8 


310.9 


2,255 


30.4 


214.2 


116.8 


July 


126.5 


347.7 


20.9 


123.0 


17.9 


314.5 


2,188 


21.5 


219.3 


116.8 


Aug. 


123.4 


349.1 


22.3 


126.7 


10.7 


318.7 


2,198 


24.8 


231.0 


118.4 


Sept. 


123.8 


348.5 


24.0 


114.6 


4.4 


312.4 


2,204 


21.7 


262.0 


119.6 


Oct. 


127.4 


358.8 


26.0 


114.5 


8.1 


314.6 


2,365 


20.2 


260.0 


119.8 


1938-June 


108.4 


390.7 


24.2 


109.4 


14.7 


201.7 


1,973 


20.9 


187.5 


111.3 


July 


109.1 


420.8 


24.8 


83.9 


9.0 


202.6 


1,988 


21.2 


182.6 


109.1 


Aug. 


110.5 


412.1 


24.7 


82.8 


6.5 


220.3 


2,072 


22.1 


213.1 


110.6 


Sept. 


119.2 (3) 


409.6 


25.1 


73.6 


6.1 


231.9 


2,164 


19.5 


249.6 


111.0 


Oct. 


118.6 (4) 






76.3 


5.8 


254.9 


2,329 


18.1 


256.6 


109.7 



(1) As at end of month. (2) Average of months in case of Physical Volume of Business and Employment Indexes. (3) Revised. (4) Preliminary. 



NEWSPRINT i NORTH AMERICA ■■ 1936-38 



THOUSANDS OF SHORT TONS 



THOUSANDS OF SHORT TONS 



4400 



4000 



3600 




(1) North American production plus imports from Europe less shipments overseas. 

(2) A.N.P.A. estimate of U.S. consumption plus Canadian shipments to Canadian publishers. 

(3) Cumulative difference of monthly figures for (a) Retained Production Plus Imports and (b) Estimated Consumption by Publishers. 






NOVEMBER 1938 



181 



Millions of Kilowatt Hours 



VII— CENTRAL ELECTRIC STATIONS 

Dominion Bureau of Statistics and Bank of Canada 





Output of Central Electric Stations 


Exports 


Deliveries 

to 

Electric 

Boilers 


Losses 
(Estimated) 


Firm 
Power 
Consump- 
tion 


Daily Average 


Generated 
by 


Generated 
by 


Total 




Water 


Fuel 








(Estimated) 


1926 


32.6 


.5 


33.1 


4.1 


2.7 


4.4 


22.0 


1929 


48.5 


.7 


49.2 


4.0 


5.9 


6.8 


32.5 


1932 


43.0 


.9 


43.9 


1.8 


7.8 


6.3 


28.0 


1933 


46.6 


.9 


47.5 


2.7 


9.9 


6.7 


28.2 


1934 


57.0 


1.0 


58.0 


3.4 


14.1 


8.2 


32.3 


1935 


63.1 


1.1 


64.1 


3.7 


17.0 


9.1 


34.3 


1936 


68.2 


1.2 


69.4 


4.3 


19.0 


9.8 


36.3 


1937 


74.2 


1.4 


75.6 


5.1 


20.0 


10.6 


39.9 


12 Months Ending 
















Oct. 1938 


70.3 


1.3 


71.6 


4.9 


16.3 


10.0 


40.4 


Monthly 
















1937— May 


73.0 


1.2 


74.2 


5.2 


20.0 


10.4 


38.7 


June 


73.9 


1.3 


75.2 


5.3 


20.0 


10.5 


39.4 


July 


69.3 


1.3 


70.6 


5.3 


16.6 


9.8 


38.9 


Aug. 


69.5 


1.4 


70.9 


5.2 


15.9 


9.8 


39.9 


Sept. 


72.0 


1.4 


73.5 


4.8 


16.2 


10.3 


41.9 


Oct. 


74.8 


1.5 


76.3 


4.6 


18.3 


10.8 


42.7 


1938— May 


66.1 


1.1 


67.2 


5.0 


13.7 


9.3 


39.2 


June 


64.7 


1.1 


65.8 


5.3 


11.9 


9.1 


39.5 


July 


63.0 


1.1 


64.1 


5.1 


11.6 


8.8 


38.5 


Aug. 


65.6 


1.3 


66.8 


4.8 


13.2 


9.3 


39.5 


Sept. 


70.8 


1.3 


72.2 


5.1 


16.0 


10.1 


41.0 


Oct. 


73.8 


1.4 


75.1 


5.3 


17.4 


10.5 


41.9 



ELECTRIC POWER CONSUMPTION 



Millions of Kilowatt Hours ONTARIO 



19 



15 



FIRM POWER CONSUMPTION 

1 CESTIMATCO) 



1936 



Q U EBEC Millions of Kilowatt Hours 





FIRM POWER CONSUMPTION 

I ESTIMATED! 



15 




DJFMAMjjASOND OJEMAMJJASOND 



182 



NOVEMBER 1938 



VIII— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau oj Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


Monthly 












1937-Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Tan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 


Mar. 


83.0 


79.7 


81.2 


82.0 


83.1 


Apr. 


82.5 


79.0 


80.6 


81.3 


82.3 


May 


77.3 


75.8 


78.4 


79.4 


80.3 


June 


76.6 


75.3 


79.2 


79.2 


80.1 


July 


71.5 


72.5 


79.0 


78.4 


78.6 


Aug. 


64.2 


67.5 


75.8 


77.0 


76.0 


Sept. 


63.8 (3) 


65.6 


74.3 


75.6 


74.5 


Oct. 


63.8 


65.1 


73.0 


74.8 


74.1 



U.K. 

Board of Trade w 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


86.1 


89.3 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 


82.4 


84.0 


82.0 


83.2 


82.1 


82.3 


81.3 


81.3 


80.0 


81.2 


77.5 


80.3 


75.2 


79.4 


75.7 


80.0 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


80.4 


80.7 


85.5 


88.1 


85.4 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 


70.3 


73.2 


73.5 


83.4 


79.7 


68.4 


71.3 


72.3 


82.7 


78.7 


67.5 


70.7 


72.1 


82.1 


78.1 


68.7 


71.4 


73.1 


82.2 


78.3 


69.4 


72.3 


74.3 


82.5 


78.8 


67.3 


71.4 


73.0 


81.8 


78.1 


68.1 


72.0 


74.5 


81.8 


78.3 



(1) Adjusted to 1926 = 100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. 

(2) Bureau of Labour Index of Prices of Finished Products. (3) Revised. 



WHOLESALE PRICE INDEXES : CANADA. U.K. AND U.S.A.: 1936-38 



1926 = 100 

95 




M J J 
1938 



NOVEMBER 1938 



183 



Canadian Dollars* 



IX— WHOLESALE PRICES: CHIEF COMMODITIES 

Dominion Bureau of Statistics and Engineering & Mining Journal 





Wheat 


Flour 


Newsprint 


Pulp 


Lumber 


Copper 


Steel 


Cotton 


Gasoline 


Coal 




No. 1 


First 




Bleached 


Fir 


Electro- 


Billets 


Middling 


Tank 


American 




Northern 


Patent 




Sulphite 


Flooring 


lytic 






Wagon 


Bituminous 




Lake-head 


Montreal 


f.o.b. Mills 


f.o.b. Mills 


f.o.b. Mills 


London' 1 ' 


f.o.b. Plant 


Hamilton 


Toronto 


Toronto 




bushel 


barrel 


short ton 


short ton 


M. bd. ft. 


cwt. 


long ton 


pound 


gallon 


short ton 


Annual Average 






















1926 


1.50 


8.82 


65.0 


80.0 


26.0 


13.8 


38.0 


.194 


.253 


6.47 


1929 


1.34 


7.93 


55.0 


75.0 


24.8 


18.3 


36.0 


.199 


.199 


6.02 


1932 


.56 


4.81 


50.2 


55.0 


14.5 


6.3 


34.0 


.085 


.179 


5.65 


1933 


.61 


5.09 


37.1 


52.5 


14.3 


7.5 


34.0 


.106 


.173 


5.35 


1934 


.75 


5.50 


32.9 


55.0 


14.5 


7.4 


34.0 


.138 


.163 


5.73 


1935 


.84 


5.43 


33.4 


53.5 


15.1 


7.8 


34.0 


.138 


.158 


5.86 


1936 


.94 


6.08 


34.2 


53.0 


22.2 


9.5 


34.2 


.141 


.149 


6.75 


1937 


1.34 


7.73 


36.1 


65.6 


27.0 


13.1 


41.2 


.136 


.159 


6.75 


Monthly 






















1937— Oct. 


1.42 


7.80 


36.1 


74.0 


24.5 


11.2 


42.0 


.104 


.160 


6.75 


Nov. 


1.35 


7.40 


36.1 


74.0 


22.0 


9.8 


42.0 


.100 


.160 


6.75 


Dec. 


1.37 


7.80 


36.1 


74.0 


21.3 


9.8 


42.0 


.102 


.160 


6.75 


1938— Jan. 


1.49 


7.98 


43.6 


64.0 


24.0 


10.1 


42.0 


.104 


.160 


6.75 


Feb. 


1.45 


7.95 


43.6 


64.0 


24.0 


9.8 


42.0 


.109 


.160 


6.75 


Mar. 


1.38 


7.64 


43.7 


64.0 


24.0 


9.7 


42.0 


.105 


.160 


6.75 


Apr. 


1.38 


7.48 


43.2 


64.0 


24.0 


9.7 


42.0 


.109 


.160 


6.75 


May 


1.15 


7.00 


43.3 


60.0 


22.0 


9.1 


42.0 


.109 


.160 


6.75 


June 


1.14 


7.20 


43.5 


59.0 


22.0 


9.2 


42.0 


.106 


.160 


6.75 


July 


.98 


6.75 


43.2 


59.0 


24.8 


9.8 


38.0 


.109 


.160 


6.75 


Aug. 


.77 


6.00 


43.1 


59.0 


25.8 


10.0 


38.0 


.104 


.160 


6.75 


Sept. 


.63 


5.17 


43.2 


59.0 


24.8 


10.2 


38.0 


.100 


.160 


6.75 


Oct. 


.62 


5.03 


43.4 


56.0 


24.5 


11.0 


38.0 


.107 


.150 


6.75 



* Prices have been converted into Canadian funds where necessary. (1) New York price prior to June 1932. 



WHOLESALE PRICE INDEXES ; 1936-38 



1926 » 100 

90 



926-100 

90 




D J F M A 

^INCLUOCS NCWSPRINT 



M J J 

1936 



184 



NOVEMBER 1938 



Millions of Dollars 



X— EXTERNAL TRADE : MERCHANDISE IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





From 


Total 




Total 


Excess of 














Re-Exports 


Retained 


Exports 




U.K. 


Other 
British 


U.S.A. 


Other 

Foreign 


Imports 




Imports 


or Imports 


Calendar Year Totals 


















1926 


165 


50 


669 


125 


1,008 


15 


993 


282 


1929 


195 


62 


894 


148 


1,299 


26 


1 ,273 


84 


1932 


94 


35 


264 


61 


453 


8 


445 


105 


1933 


98 


35 


217 


51 


401 


6 


395 


214 


1934 


113 


44 


294 


63 


513 


7 


507 


252 


1935 


117 


57 


312 


64 


550 


13 


537 


305 


1936 


123 


66 


369 


77 


635 


13 


622 


448 


1937 


147 


89 


491 


82 


809 


15 


794 


348 


12 Months ending 


















Sept. 1938 


127 


75 


448 


71 


722 


11 


711 


310 


Monthly Totals 


















1937— May 


14.5 


8.0 


45.8 


8.4 


76.7 


2.1 


74.6 


28.9 


June 


13.4 


10.2 


45.6 


6.5 


75.7 


1.4 


74.3 


39.6 


July 


14.5 


8.1 


41.9 


7.4 


72.0 


1.0 


71.0 


31.5 


Aug. 


13.1 


9.1 


40.2 


7.5 


70.0 


1.9 


68.1 


33.4 


Sept. 


12.7 


9.0 


41.6 


7.0 


70.2 


1.1 


69.1 


25.1 


Oct. 


13.8 


11.6 


47.8 


8.9 


82.1 


.9 


81.2 


23.5 


1938— May 


11.9 


7.8 


40.5 


6.9 


67.1 


.9 


66.2 


15.1 


June 


9.2 


7.1 


37.1 


5.5 


58.9 


.9 


58.1 


19.0 


July 


9.7 


6.8 


34.1 


5.3 


55.8 


1.0 


54.8 


22.8 


Aug. 


10.4 


5.6 


35.3 


5.8 


57.0 


.8 


56.2 


29.5 


Sept. 


10.0 


4.9 


34.7 


6.8 


56.4 


.9 


55.5 


31.5 


Oct. (U 










63.9 


1.1 


62.8 


40.3 



(1) Preliminary. 



MERCHANDISE IMPORTS AND EXPORTS' 

PERCENTAGE INCREASE OR DECREASE FROM SAME MONTH OE PREVIOUS YEAR 



30% 



15% 



30% 




PERCENTAGE CHANGE IN 

IMPORTS »| 

EXPORTS I 



30% 




30% 



MAY JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR. MAY JUNE JULY AUG SEPT OCT 

+ INCLUDING NON-MONCTARY COLO 1 9 J ' 5»JO 



NOVEMBER 1938 



185 



Millions of Dollars 



X— EXTERNAL TRADE: MERCHANDISE EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Merchandise (Excluding Gold) 


Non- 


Monetary Gold 


Total Exports 






TO 










Net Increase 


Non-monetary 










Total 


Exports 


Imports 


or Decrease 
in Gold 








Other 




Other 


Gold 




U.K. 


British 


U.S.A. 


Foreign 








Earmarked 




Calendar Year Totals 




















1926 


459 


96 


458 


248 


1,261 


14 


- 


- 


1,275 


1929 


290 


105 


493 


264 


1,152 


36 


- 


- 


1,189 


1932 


178 


39 


159 


114 


490 


61 


- 


- 


550 


1933 


211 


44 


168 


106 


529 


79 


- 


— 


609 


1934 


270 


65 


219 


95 


649 


110 


_ 


_ 


759 


1935 


304 


74 


262 


86 


725 


116 


- 


- 


842 


1936 


395 


84 


334 


124 


938 


86 


- 


47 


1,070 


1937 


402 


104 


360 


131 


997 


125 


- 


20 


1,143 


12 Months Ending 




















Sept. 1938 


363 


105 


274 


122 


864 


145 


27 


39 


1,021 


Monthly Totals 




















1937— May 


34.6 


8.4 


33.6 


12.5 


89.2 


14.4 


- 


- 


103.5 


June 


37.9 


9.6 


32.2 


14.3 


94.0 


19.9 


- 


- 


113.9 


July 


36.5 


9.3 


32.0 


13.0 


90.8 


8.3 


- 


3.3 


102.5 


Aug. 


35.7 


10.1 


31.9 


11.5 


89.2 


12.3 


- 


- 


101.5 


Sept. 


33.2 


8.6 


32.4 


8.4 


82.6 


11.6 


- 


- 


94.2 


Oct. 


40.4 


9.6 


31.5 


11.8 


93.3 


9.5 


- 


1.9 


104.6 


1938— May 


27.9 


8.2 


20.4 


10.5 


67.0 


4.9 


26.0 


35.4 


81.3 


June 


25.6 


10.3 


20.0 


10.0 


65.9 


11.5 


.4 


- 


77.0 


July 


25.8 


9.7 


21.0 


9.7 


66.2 


11.5 


.1 


- 


77.6 


Aug. 


26.7 


8.3 


25.3 


8.9 


69.1 


16.6 


- 


- 


85.7 


Sept. 


28.9 


7.3 


25.1 


10.8 


72.2 


35.4 


.3 


20.3 


87.0 


Oct."' 


35.8 


8.5 


28.0 


15.9 


88.2 


13.5 


30.9 


32.4 


103.1 



(1) Preliminary. 



MILLIONS Or DOLLARS 



MERCHANDISE* TRADE BALANCE • 1925-38 



MILLIONS OF DOLLARS 



CXPORT BALANCE 



RUNNING 12- MONTH TOTALS 



300 




400 



200 



IMPORT BALANCE 



200 



200 



1925 1926 1927 

-+ INCLUDING NON-MONCTARY COLO 



1928 



1929 



1930 



1931 1932 1933 1934 1935 1936 1937 1938 



186 



NOVEMBER 19.58 



XI— COAL STATISTICS : 1921-37 

Dominion Bureau of Statistics 
VALUE OF PRODUCTION, EMPLOYEES AND SALARIES & WAGES 





NOVA SCOTIA 


ALBERTA 


BRITISH COLUMBIA 


TOTAL 




Value of 

Production 


Employees 


Salaries & 
Wages 


Value of 
Production 


Employees 


Salaries & 
Wages 


Value of 
Production 


Employees 


Salaries & 
Wages 


Value of 
Production 


Employees 


Salaries & 
Wages 




$ mm. 


Thousands 


$ trim. 


$mm. 


Thousands 


$ mm. 


$ mm. 


Thousands 


$ mm. 


$ mm. 


Thousands 


$ mm. 


Average 

L921-25 


23.7 


12.8 


14.2 


23.7 


9.6 


15.4 


13.3 


6.1 


9.4 


62.6 


29.5 


40.8 


1926 

1927 
1928 
1929 


26.8 
27.2 
27.4 
28.1 


12.6 
13.8 
13.9 
13.3 


15.0 

16.7 
19.9 
19.8 


20.9 
22.0 
23.5 
22.9 


9.3 
10.5 

9.9 
10.1 


12.7 
13.5 
14.6 
14.6 


10.6 
10.9 
11.1 
10.2 


5.3 
5.3 
5.3 

5.1 


7.1 
7.5 
7.6 
6.7 


59.9 
61.9 
63.8 
63.1 


28.4 
29.8 
30.3 
29.7 


35.8 
38.9 
43.3 
42.3 


1930 
1931 
1932 
1933 


24.5 
19.0 
15.2 
16.0 


13.9 
13.9 
13.1 
12.3 


18.1 

14.4 

10.8 

9.4 


18.1 
13.3 
13.5 
12.3 


9.4 
8.6 

8.4 
8.5 


11.5 

8.6 
8.8 
8.1 


8.4 
7.2 
6.4 
5.3 


4.6 
4.3 
3.9 
3.3 


5.7 
4.7 
4.3 
3.3 


52.8 
41.2 
37.1 
35.9 


29.2 
27.9 
27.0 
26.1 


36.4 
28.8 
25.0 
22.4 


1934 
1935 
1936 
1937 


21.9 
20.4 
23.0 


12.5 
13.2 
13.4 
13.2 


12.8 
12.9 
14.1 


12.6 
14.1 
14.7 


8.4 

7.7 
8.6 

7.7 


8.1 
9.0 
9.7 


5.4 
5.0 
5.5 


3.1 
2.7 

2.8 
2.9 


3.4 
3.2 
3.6 


42.0 
42.0 
45.8 


26.0 
26.2 
26.9 
25.7 


25.7 
26.0 
28.9 



PRODUCTION AND DISTRIBUTION OF CHIEF PRODUCING PROVINCES 







NOVA ! 


5COTIA 




ALBERTA 


BRITISH COLUMBIA 




Total 


Used by 


Shipment 


Shipments 


Total 


Used by 


Shipments 


Shipments 


Total 


Used by 


Shipments 


Shipments 




Production 


Railways 


Provinces 


Overseasd) 


Production 


Railways 


Provinces 


Overseas 


Production 


Railways 


Provinces 


Overseas") 




Millions of Short Tons 


Average 


























1921-25 


6.3 


.8 


l.S 


.8 


5.4 


2.2 


1.9 


- 


2.7 


.6 


.1 


1.0 


1926 


6.7 


.9 


2.5 


1.0 


6.5 


2.7 


2.0 


— 


2.6 


.8 


.1 


.8 


1927 


7.1 


1.1 


2.9 


.8 


6.9 


2.8 


2.3 


- 


2.7 


.9 


.1 


.7 


1928 


6.7 


1.0 


2.9 


.7 


7.3 


3.1 


2.4 


- 


2.8 


1.0 


.1 


.7 


1929 


7.1 


1.1 


2.9 


.6 


7.2 


3.0 


2.3 


- 


2.5 


.9 


.1 


.6 


1930 


6.3 


1.2 


2.4 


.6 


5.8 


2.1 


2.0 


— 


2.1 


.6 


.1 


.3 


1931 


5.0 


.8 


2.2 


.3 


4.6 


1.7 


1.5 


- 


1.9 


.6 


.2 


.2 


1932 


4.1 


.5 


2.0 


.2 


4.9 


1.6 


1.8 


- 


1.7 


.5 


.1 


.2 


1933 


4.6 


.5 


2.4 


.3 


4.7 


1.5 


1.7 


- 


1.4 


.4 


.1 


.2 


1934 


6.3 


.8 


3.3 


.4 


4.8 


1.7 


1.5 


— 


1.5 


.5 


.1 


2 


1935 


5.8 


1.4 


3.2 


.6 


5.5 


2.0 


1.8 


- 


1.3 


.3 


.2 


.2 


1936 


6.6 


.8 


3.9 


.5 


5.7 


2.0 


2.0 


- 


1.5 


.4 


.1 


.3 


1937 


7.2 








5.6 








1.6 













PRODUCTION, SHIPMENTS, IMPORTS AND CONSUMPTION 










Production 


Shipments 
Overseas'" 


IMPORTS"' 


APPARENT CONSUMPTION 




Anthracite 


Bituminous 


Canadian 


(4) 

Imported 


Total 


Per Capita 




U.K. 


U.S.A. 


Total 


U.K. 


U.S.A. 


Total 




Millions of Short Tons 


Short Tons 


Average 

1921-25 


14.8 


1.8 


.3 


3.8 


4.1 


2 


13.4 


13.6 


13.1 


17.1 


30.2 


3.34 


1926 


16.5 


1.8 


.2 


3.9 


4.2 


— 


13.8 


13.8 


15.1 


16.6 


31.7 


3.35 


1927 


17.4 


1.6 


.8 


3.3 


4.1 


.1 


15.0 


15.1 


15.9 


IS. 2 


34.1 


3.54 


1928 


17.6 


1.4 


.5 


3.2 


3.7 


.1 


13.8 


13.9 


16.5 


16.5 


33.0 


3.36 


1929 


17.5 


1.2 


.7 


3.2 


4.0 


.1 


14.5 


14.6 


16.4 


17.7 


34.1 


3.40 


1930 


14.9 


1.0 


1.0 


3.0 


4.3 


.1 


13.2 


13.4 


14.1 


18.4 


32.3 


3.18 


1931 


12.2 


.6 


.9 


2.2 


3.2 


.1 


10.2 


10.3 


11.7 


12.8 


24.5 


2.36 


1932 


11.7 


.5 


1.4 


1.7 


3.1 


.4 


8.2 


8.6 


11.2 


11.7 


22.9 


2.18 


1933 


11.9 


.5 


1.6 


1.4 


3.0 


.3 


8.1 


8.4 


11.5 


10.8 


22.3 


2.09 


1934 


13.8 


.6 


1.6 


1.8 


3.5 


.3 


9.9 


10.2 


13.2 


12.7 


25.9 


2.39 


1935 


13.9 


.8 


1.5 


1.7 


3.5 


.4 


9.2 


9.6 


13.2 


11.7 


25.0 


2.29 


1936 


15.2 


.8 


1.3 


1.7 


3.5 


.1 


10.0 


10.2 


14.5 


12.7 


27.2 


2.47 


1937 


15.8 


.8 


1.1 


2.0 


3.6 


.1 


12.3 


12.4 


15.4 


14.2 


29.7 


2.67 



(1) Includes coal for ships' bunkers. (2) Amount landed at Canadian ports available for consumption. 

(3) The sum of Canadian coal mine sales, colliery consumption, coal supplied to employees and coal used in making coke, etc., less the tonnage of coal exported. 

(4) Deductions have been made for foreign coal re-exported and bituminous coal ex-warehoused for ships' stores. 



NOVEMBER 1938 



187 



Millions of Short Tons 

20 



XI— COAL STATISTICS : 1926-38 

DISTRIBUTION OF CANADIAN COAL: 1926-38 



Millions of Short Tons 

20 




1927 1928 1929 1930 1931 1932 1933 

-r PUNNING 12-MONTH TOTALS IN 1936 <l> CXPOPTS PLUS COAL TOB SHIPS' 6UNKCRS 



1934 1935 1936 1937 1938 



COAL: CANADIAN PRODUCTION (Less Exports) AND IMPORTS : 1926-38 

Millions of Short Tons Millions of Short Tons 

40 CALCNDAR YEAR TOTALS* |40 




I927 I928 1929 1930 

♦ PUNNING IZ-MONTH TOTALS IN Its* 



1931 1932 1933 1934 1935 1936 1937 1938 



DECEMBER 1938 



188 



Millions of Dollars 

4501 



BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



I 

BANK OF CANADA LIABILITIES 



OTHER ACCOUNTS 




M it lions of Dollars 

450 



JJASONDJFMAMJJA 
1936 1937 



JFMAMJJASOND 
1938 




Lz2X' v /X'///!iy/X'{vK^]Z^ 10 



JJASONDjrMAMJJASONDJFMAMJJASOND 
1936 1937 1938 



189 



Millions of Dollars 



DECEMBER 1938 

I— BA 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Tots 

Asse 

or 

Liabili 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Kigures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294. 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


322. 


1937-12 Mths. 


49.8 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


372. 


1937— Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420. 


Dec. 


54.1 


197.8 


251.9 


21.5 


2.4 


107.3 


17.4 


400. 


1938— Jan. 


59.9 


194.7 


254.6 


15.7 


2.9 


99.7 


13.9 


386, 


Feb. 


51.6 


193.7 


245.3 


21.6 


2.4 


98.6 


13.3 


381, 


Mar. 


49.6 


193.2 


242.8 


23.4 


2.6 


100.0 


13.6 


382, 


Apr. 


52.8 


190.7 


243.5 


20.3 


2.7 


101.9 


13.8 


382, 


May 


54.9 


193.3 


248.2 


16.4 


2.8 


102.1 


14.4 


383 


June 


53.0 


190.8 


243.8 


42.4 


2.1 


101.4 


15.1 


404 


July 


55.1 


192.6 


247.7 


16.0 


2.0 


101.3 


13.7 


380 


Aug. 


55.4 


199.8 


255.2 


13.3 


1.6 


104.3 


12.9 


387 


Sept. 


60.2 


205.5 


265.7 


21.4 


1.0 


111.5 


9.3 


408 


Oct. 


62.0 


216.2 


278.2 


28.6 


1.4 


118.4 


9.5 


436 


Nov. 


58.3 


219.9 


278.2 


26.6 


1.5 


116.4 


10.5 


433 


Wednesdays 

Dec. 7 


57.4 (2) 


208.9 


266.3 (2) 


33.8 


2.6 


115.6 (2) 


9.9 


428 


14 


57.7 (2 > 


206.6 


264.3 (2) 


31.4 


2.7 


115.6 (2) 


10.2 


424 


21 


58.9 <2) 


199.4 


258.3 (2) 


28.2 


2.1 


118.0 ,2) 


10.5 


417 



(1) Includes "Other Securities". 



(2) Estimates. 



MILLIONS OF DOLLARS 



NOTE CIRCULATION ■ 1936-38 

BANK OF CANADA ACTIVE CIRCULATION AND TOTAL CHARTERED BANK NOTE ISSUE 



MILLIONS OF DOLLARS 




DEC 



JAN 



FEB MAY APR MAY JUNE JULY AUG. SEPT OCT 



NOV DEC. 



DECEMBER 1938 
I CANADA 



190 



Millions of Dollars 



ASSETS 








Reserve 








Securities 




Advances 


All 

Other 

Accounts 




iold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total 1 ' 
























Average of 






















Wednesday Figures 


54.6 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9 Mths 


79.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12 Mths 


32.0 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937-12 Mths 


79.9 


2.7 


26.7 


209.2 


51 .47 


96.0 


97.1 


205.3 


- 


6.1 


Nov.— 1937 


79.7 


2.7 


21.8 


204.2 


53.30 


82.5 


94.4 


189.1 


- 


7.2 


Dec. 


79.7 


3.0 


16.3 


199.0 


53.38 


77.5 


91.2 


180.9 


1.3 


5.6 


Jan. — 1938 


50.0 


3.0 


20.3 


203.4 


55.26 


72.7 


88.2 


173.1 


- 


4.8 


Feb. 


30.2 


3.0 


22.3 


205.5 


55.72 


119.3 


41.5 


173.1 


- 


3.8 


Mar. 


30.7 


1.8 


21.5 


204.0 


55.37 


116.3 


41.5 


170.1 


2.8 


5.4 


Apr. 


31.3 


.4 


24.4 


206.1 


55.78 


120.7 


39.0 


170.9 


- 


7.0 


May 


31.9 


- 


37.7 


219.6 


56.34 


113.3 


51.9 


171.3 


- 


14.0 


June 


30.8 


- 


26.5 


207.3 


56.48 


114.5 


52.5 


167.8 


- 


5.6 


July 


SO. 5 


- 


26.0 


206.5 


55.17 


121.3 


52.5 


173.8 


- 


6.9 


Aug. 


31.5 


- 


32.9 


214.4 


53.65 


139.8 


48.9 


188.7 


- 


5.8 


Sept. 


31.4 


- 


36.2 


217.6 


51.02 


161.9 


46.1 


208.0 


4.8 


5.6 


Oct. 


31.2 


- 


39.8 


220.9 


52.27 


162.2 


42.5 


204.7 


2.0 


5.6 


Nov. 

Wednesdays 


31.4 


- 


46.8 


228.1 


54.53 


154.3 


40.3 


194.6 


- 


5.5 


Dec. 7 


31. 8 


- 


43.8 


225.7 


54.51 


153.3 


39.5 


192.8 


- 


5.7 


14 


32.4 


— 


40.8 


223.1 


54.87 


148.1 


40.5 


188.6 


— 


5.4 


21 



CHARTERED BANKS: CASH IN CANADA AND CANADIAN DEPOSITS: 1927-38 

MILLIONS OF DOLLARS BILLIONS OF DOLLARS 




1927 1928 1929 1930 1931 1932 

* UNTit. march |93s - COLO AND COIN IN canaqa , DOMINION NOTES AND F REE* C G R 0CPO5I' 



1933 1934 1935 1936 1937 

liAFTER THAT DAT £ I BANK OFCANAOA NOTES AND DEPOSITS. 



191 





















DECEMBER 1938 




















II— CHAF 


Millions of Dollars 


















Bai 




LIABILITIES 






Notes 


Deposits 


Cash 

in 

Canada (3) 


Securities 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits'" 


Foreign 


Total 

Deposits (2) 


DOM.-PROV. 


Ot 




Short 


Long 


Average of 
Month-end Figures 

1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


2 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


2 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


1 


1935 


126 


569 


1,445 


65 


2,104 


348 


2,476 


216 


407 


454 


1 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


2 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


3 


End of 
























1937— Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,825 


268 


425 


660 


3 


Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


684 


3 


1938— Jan. 


98 


640 


1,591 


84 


2,360 


399 


2,783 


251 


447 


690 


2 


Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 


3 


Mar. 


100 


648 


1,623 


67 


2,379 


399 


2,808 


242 


459 


685 


21 


Apr. 


100 


687 


1,631 


96 


2,445 


398 


2,884 


243 


461 


694 


3 


May 


97 


670 


1,625 


107 


2,438 


404 


2,880 


241 


448 


700 




June 


104 


690 


1,621 


148 


2,484 


410 


2,939 


242 


437 


719 


3, 


July 


101 


671 


1,623 


101 


2,445 


397 


2,862 


235 


422 


717 




Aug. 


99 


687 


1,635 


96 


2,460 


400 


2,878 


257 


435 


710 




Sept. 


104 


725 


1,633 


89 


2,492 


425 


2,937 


264 


445 


684 




Oct. 


101 


749 


1,656 


75 


2,518 


419 


2,961 


286 


451 


669 


s 


Nov. 


97 


750 


1,655 


94 


2,506 


436 


3,004 


271 


448 


693 


- 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935; Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS : RATIOS : TOTAL LOANS AND TOTAL SECURITIES TO TOTAL DEPOSITS 1927-38 






100% 



80% 



60% 



40% 



20% 




100% 



80% 



60% 



40% 



20% 



1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1936 



DECEMBER 1WS 



192 



BANKS 



Millions of Dollars 



tal 



i33 
199 
96 



(41 


102 


f67 


102 


144 


82 


.31 


93 


i26 


107 



;9i 
ii 

134 
140 
138 
156 
149 
t62 
136 
140 
121 
t09 
(26 



Call 



140 
267 
117 



87 

70 

72 
70 
03 
04 
00 
69 
71 
71 
60 
00 
64 



ASSETS 



Loans 



CANADA 



Current 

Public 



934 
1 ,343 
1,032 

907 
809 
829 
099 
732 

768 
749 

731 
737 
752 
770 
709 
786 
786 
781 
829 
848 
S3 7 



Current 
Other 



87 
112 
105 

147 
145 
134 
121 
117 

110 
113 

107 
114 
118 
136 
130 
135 
134 
132 
130 
137 
1 33 



ABROAD 



Call 



250 

301 

84 

92 
107 
72 
04 
08 

52 
00 

51 
51 
51 
50 
58 
53 
53 
55 
45 
52 
48 



Current 



201 
248 
172 

148 
138 
146 
150 
165 

159 
166 

168 
169 
169 
160 
162 
181 
152 
144 
143 
142 
148 



Total 
Assets 



2,864 
3,528 
2,869 

2,831 
2,838 
2,957 
3,145 
3,317 

3,293 
3,281 

3,239 
3,245 
3,266 
3,337 
3,332 
3,399 
3,322 
3,334 
3,400 
3,424 
3,455 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 






Deposits' 4 ' 


Deposits in 


Note 








Canada 


Circulation' 3 ' 












Average ot 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


269 


2,361 


11.4 


213 


Nov.- 1937 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan.— 1938 


245 


2,325 


10.5 


196 


Feb. 


242 


2,331 


10.4 


199 


Mar. 


240 


2,382 


10.1 


203 


Apr. 


247 


2,401 


10.3 


199 


May 


243 


2,421 


10.0 


200 


June 


245 


2,444 


10.0 


201 


July 


254 


2,426 


10.5 


201 


Aug. 


263 


2,442 


10.8 


214 


Sept. 


277 


2,474 


11.2 


220 


Oct. 


279 


2,487 


11.2 


214 


Nov. 



igures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
I bartered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS ■ CALL LOANS IN CANADA : 1936-38 



MILLIONS Or DOLLARS 



MILLIONS Or DOLLARS 




193 



DECEMBER 1938 



III— SECURITY PRICES 

Bank of Canada 









Dominion of Canada Bonds 


} Payable 


in Canada Only 














Middle Prices 


and Yields 








Average of 






















Working Days 


VA% due 


Nov. 1, 


3% due J 


une 1, 


5% due Oct. 15. 


2V 2 % due 


June 1, 


l^%due 


June 1, 




1948-58 


1950 


-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


(1) 

100.75 


(1) 

1.30 


1937 


109.87 


3.44 


96.87 


3.23 


111.94 


2.91 


101.05 


2.31 


99.97 


1.51 


1937— Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. 


110.46 


3.35 


97.36 


3.20 


111.80 


2.79 


100.60 


2.38 


99.59 


1.67 


1938— Jan. 


111.00 


3.28 


97.67 


3.18 


112.49 


2.64 


101.26 


2.25 


100.16 


1.43 


Feb. 


111.42 


323 


98.17 


3.14 


113.38 


2.46 


102.12 


2.07 


100.68 


1.20 


Mar. 


111.85 


3.18 


98.55 


3.11 


113.84 


2.34 


102.50 


1.99 


100.84 


1.11 


Apr. 


112.15 


3.14 


99.54 


3.04 


113.89 


2.30 


102.62 


1.96 


101.03 


1.01 


May 


112.84 


3.06 


99.91 


3.01 


114.51 


2.15 


103.32 


1.81 


101.30 


.86 


June 


112.86 


3.05 


99.51 


3.04 


114.76 


2.06 


103.58 


1.74 


101.36 


.80 


July 


112.39 


3.09 


99.20 


3.06 


113.73 


2.22 


103.11 


1.83 


101.08 


.92 


Aug. 


112.45 


3.07 


99.21 


3.06 


113.46 


2.23 


102.91 


1.86 


100.81 


1.04 


Sept. 


111.00 


3.22 


97.96 


3.16 


112.34 


2.41 


102.16 


2.02 


100.32 


1.31 


Oct. 


111.73 


3.13 


98.89 


3.09 


112.62 


2.31 


102.55 


1.92 


100.38 


1.26 


Nov. 


112.56 


3.02 


99.75 


3.02 


113.66 


2.06 


103.47 


1.70 


100.83 


.96 


Dec. (2) 


112.36 


3.05 


99.70 


3.02 


113.51 


2.05 


103.38 


1.71 


100.75 


.98 



(1) Average July 1 - Dec. 31. (2) Average Dec. 1 - 20. 



PER CENT 



CANADIAN AND U.K. GOVERNMENT BOND YIELDS • 1936-38 




t Average Dec. 1 - 20. 



♦Since U.S. Treasury bonds arc exempt from "normal" income tax it is impo 



DECEMBER 1938 



194 



III— SECURITY PRICES 

Bank of Canada 



Government Bonds Payable Elsewhere Than in Canada 
Middle Prices and Yields 





U.S. Treasury 


United Kingdom 


Dominion 


of Canada 




Dominion Guaranteed C.N.R. 




2J^%dueMar.l5, 


3^%du< 


: Dec. 1, 


3M%due 


Jan 15, 


3M% due 


May 1, 


4M% due 


:Feb. 1, 


4M% due 


July 1, 


Average of 
Working Days 


1955-60 


1952 anc 


1 after 


1956-61 


1950-55 


1956 


1957 




Domestic 


Domestic 


Payable in 
New York only 


Payab 
London 


e in 
only 


Payable in Canada, 
New York or London 


Payable in 
Canada or New York 




u • (2) 
Price 


(2) 
Yield 


d • (1) 
Price 


Yield'" 


Price 


Yield 


r> ■ (1) 
Price 


U) 
Yield 


D ' (3) 

Price 


Yield 


d • (3) 
Price 


Yield 


1936 


102.25 


2.72 


106.02 


3.03 


101.51 


3.15 


102.43 


3.03 


114.96 


3.44 


113.29 


3.59 


1937 


101.56 


2.76 


101.18 


3.40 


99.52 


3.28 


99.88 


3.25 


113.18 


3.53 


112.48 


3.62 


1937-Nov. 


100.91 


2.81 


101.43 


3.38 


99.17 


3.30 


100.23 


3.23 


113.41 


3.50 


112.88 


3.58 


Dec. 


101.68 


2.75 


101.39 


3.38 


100.07 


3.25 


99.96 


3.25 


114.15 


3.44 


113.70 


3.52 


1938-Jan. 


102.21 


2.71 


101.94 


3.33 


100.82 


3.19 


99.97 


3.25 


114.42 


3.42 


113.96 


3.50 


Feb. 


102.36 


2.70 


102.50 


3.29 


101.56 


3.14 


100.19 


3.23 


115.16 


3.37 


114.43 


3.47 


Mar. 


102.50 


2.69 


100.87 


3.42 


101.62 


3.13 


99.19 


3.31 


115.22 


3.36 


114.40 


3.47 


Apr. 


102.66 


2.68 


101.39 


3.38 


100.91 


3.18 


99.91 


3.26 


115.22 


3.36 


114.44 


3.46 


May 


103.99 


2.58 


101.51 


3.37 


102.27 


3.07 


100.63 


3.19 


116.32 


3.28 


115.54 


3.39 


June 


103.94 


2.58 


101.70 


3.35 


102.56 


3.06 


101.00 


3.15 


116.60 


3.26 


115.81 


3.37 


July 


103.99 


2.58 


102.51 


3.28 


102.98 


3.03 


101.20 


3.13 


116.22 


3.28 


115.54 


3.38 


Aug. 


104.19 


2.56 


101.99 


3.32 


103.48 


2.99 


100.98 


3.15 


116.05 


3.29 


115.51 


3.38 


Sept. 


103.26 


2.63 


98.26 


3.56 


102.39 


3.07 


98.62 


3.36 


114.31 


3.40 


113.84 


3.49 


Oct. 


104.44 


2.54 


99.44 


3.52 


102.85 


3.04 


99.82 


3.27 


115.61 


3.31 


115.30 


3.39 


Nov. 


104.17 


2.56 


99.42 


3.52 


103.48 


2.99 


99.78 


3.27 


116.41 


3.25 


116.45 


3.31 


Dec. (4) 


104.29 


2.55 


98.31 


3.56 


103.54 


2.98 


99.44 


3.29 


116.10 


3.27 


116.33 


3.31 



CD These issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) Exempt from "normal" Federal Income and certain State taxes. (3) As quoted in Toronto. (4) Average Dec. 1 



20. 



PER CENT 



CANADIAN AND U.S.A. GOVERNMENT BOND YIELDS'- 1936-38 



PER CENT 




225 



2-50 



275 



- 300 



325 



350 



tion to Dominion or U.K. Government issues, to make any comparison between absolute yield levels. 



195 



DECEMBER 1938 



IV— STOCK EXCHANGE STATISTICS 

MONTREAL AND TORONTO STOCK EXCHANGES 

Stock Exchange Bulletins 





Member Borrowings 
on Canadian Collateral 


Market Value of 
All Listed Stocks 


Common Stock 


Price Indexes 


Value of Shares 
Traded during Month 




Montreal Stock 
Exchange 


Toronto Stock 
Exchange 




Millions of Dollars 


Millions of Dollars 


1926 


= 100 


July-Dec. 


1933 = 100 


Millions 


•>f Dollars 




Montreal 


(i) 

Toronto 


Total 


(l) 
Montreal 


id 

Toronto 


20 
Industrials 


10 

Utilities 


20 
Golds 


10 
Base Metals 


(l) 
Montreal 


(1) 
Toronto 


(2) 

1936-Low 


16.1 


21.8 


39.7 


4,711 


4,713 


70 


67 


116 


67 


39 


* 


High 


33.4 


40.2 


73.6 


6,158 


5,912 


109 


86 


156 


115 


90 


* 


(2) 

1937-Low 


17.5 


27.8 


45.3 


4,838 


4,565 


66 


65 


96 


64 


20 


26 


High 


43.8 


46.7 


86.1 


6,787 


6,416 


122 


93 


169 


137 


94 


96 


Month-end. 
























1937-Nov. 


18.1 


28.5 


46.6 


4,780 (3) 


4,565 


74 


66 


116 


69 


23 


37 


Dec. 


17.5 


27.8 


45.3 


4,844 <3) 


4,635 


73 


67 


120 


73 


20 


33 


1938-Jan. 


17.1 


27.4 


44.5 


4,990 (3> 


4,849 


77 


66 


124 


79 


21 


37 


Feb. 


17.1 


27.8 


44.9 


5,123 


4,964 


78 


65 


122 


83 


17 


38 


Mar. 


14.2 


22.2 


36.4 


4,263 


4,086 


61 


60 


103 


64 


25 


49 


Apr. 


13.6 


22.4 


36.1 


4,665 


4,519 


70 


62 


113 


74 


17 


30 


May 


13.6 


23.0 


36.6 


4,583 


4,389 


68 


62 


113 


73 


15 


26 


June 


14.0 


23.6 


37.6 


4,958 


4,734 


80 


69 


117 


86 


20 


31 


July 


16.2 


25.7 


41.9 


5,196 


4,960 


88 


67 


126 


96 


32 


41 


Aug. 


16.3 


25.4 


41.8 


5,022 


4,782 


80 


66 


122 


89 


23 


38 


Sept. 


13.4 


20.3 


33.7 


4,995 


4,852 


80 


64 


120 


91 


29 


40 


Oct. 


14.5 


21.4 


35.9 


5,376 


5,069 


85 


67 


122 


101 


31 


49 


Nov. 


15.0 


22.4 


37.4 


5,252 


4,984 


82 


65 


122 


100 


25 


38 



(1) Including Curb Market. (2) Monthly figures except in the case of Common Stock Prices where daily figures were used. (3) Revised. *Not available. 



COMMON STOCK PRICE INDEXES : 1936-38 



INDEX 



INDEX 




A 



DECEMBER 1938 



196 



INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume of 


PRODUCTION 


Con- 
struction 


Car 


Employ- 
















ment 




Business 
Index 


Nickel 


Copper 


Steel 


Auto- 
mobiles 


News- 


Central 
Electric 


Contracts 


Loadings 


Index"' 




Seasonally 
adjusted 








& Trucks 


print 


Stations 






Seasonally 
adjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 






1926 = 100 


Short Tons 


Short Tons 


Long Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


1926 = 100 


Annual Totals<2> 






















1926 


100.0 


33 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


55 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


15 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


42 


150 


410 


66 


2,022 


17,339 


97 


2,032 


84.2 


1934 


94.2 


64 


182 


758 


117 


2,605 


21,197 


126 


2,321 


96.4 


1935 


102.4 


69 


210 


942 


173 


2,765 


23,283 


160 


2,358 


99.8 


1936 


112.2 


85 


211 


1,116 


162 


3,225 


25,394 


163 


2,494 


104.0 


1937 


122.8 


112 


265 


1,401 


207 


3,638 


27,575 


224 


2,635 


114.1 


Monthly Totals 






















1937-July 


126.5 


7.9 


20.9 


123.0 


17.9 


314.5 


2,188 


21.5 


219.3 


116.8 


Aug. 


123.4 


10.3 


22.3 


126.7 


10.7 


318.7 


2,198 


24.8 


231.0 


118.4 


Sept. 


123.8 


9.5 


24.0 


114.6 


4.4 


312.4 


2,204 


21.7 


262.0 


119.6 


Oct. 


127.4 


9.2 


26.0 


114.5 


8.1 


314.6 


2,365 


20.2 


260.0 


119.8 


Nov. 


121.4 


9.9 


25.4 


110.7 


16.6 


302.2 


2,415 


14.7 


235.1 


118.8 


1938-July 


109.1 


8.7 


24.8 


83.9 


9.0 


202.6 


1,988 


21.2 


182.6 


109.1 


Aug. 


110.5 


8.3 


24.7 


82.8 


6.5 


220.3 


2,072 


22.1 


213.1 


110.6 


Sept. 


119.2 


8.5 


25.1 


73.6 


6.1 


231.9 


2,164 


19.5 


249.6 


111.0 


Oct. 


118.6 


8.1 


24.7 


76.3 


5.8 


254.9 


2,329 


18.1 


256.6 


109.7 


Nov. 


123.4 (3) 






90.1 


18.0 


245.3 


2,375 


15.0 


219.2 


111.1 



(1) As at end of month. (2) Average of months in case of Physical Volume of Business and Employment Indexes. (3) Preliminary. 



PRODUCTION OF AUTOMOBILES AND TRUCKS : 1926-38 



THOUSANDS OF UNITS 

400 



THOUSANDS OF UNITS 




1926 



197 



DECEMBER 19,58 



VI— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau of Statistics 





Far mt 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


Monthly 












1937-Nov. 


84.0 


81.2 


81.8 


80.6 


83.1 


Dec. 


84.2 


80.8 


80.3 


80.2 


82.7 


1938-Jan. 


86.3 


82.0 


79.8 


81.6 


83.8 


Feb. 


85.1 


81.1 


80.7 


82.0 


83.6 


Mar. 


83.0 


79.7 


81.2 


82.0 


83.1 


Apr. 


82.5 


79.0 


80.6 


81.3 


82.3 


May 


77.3 


75.8 


78.4 


79.4 


80.3 


June 


76.6 


75.3 


79.2 


79.2 


80.1 


July 


71.5 


72.5 


79.0 


78.4 


78.6 


Aug. 


64.2 


67.5 


75.8 


77.0 


76.0 


Sept. 


63.8 


65.6 


74.3 


75.6 


74.5 


Oct. 


63.8 


65.1 


73.0 


74.8 


74.1 


Nov. 


64.9 


64.6 


72.0 


74.0 


73.5 



U.K. 

Board of Trade w 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


83.7 


87.8 


85.5 


87.6 


85.4 


86.8 


85.9 


86.9 


84.6 


85.4 


82.4 


84.0 


82.0 


83.2 


82.1 


82.3 


81.3 


81.3 


80.0 


81.2 


77.5 


80.3 


75.2 


79.4 


75.7 


80.0 


74.1 


79.4 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- , 




Products 


Materials 


Foods 


fact u res 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


75.7 


77.2 


83.1 


86.7 


83.3 


72.8 


75.4 


79.8 


85.3 


81.7 


71.6 


74.9 


76.3 


84.3 


80.9 


69.8 


73.6 


73.5 


83.3 


79.8 


70.3 


73.2 


73.5 


83.4 


79.7 


68.4 


71.3 


72.3 


82.7 


78.7 


67.5 


70.7 


72.1 


82.1 


78.1 


68.7 


71.4 


73.1 


82.2 


78.3 


69.4 


72.3 


74.3 


82.5 


78.8 


67.3 


71.4 


73.0 


81.8 


78.1 


68.1 


72.0 


74.5 


81.8 


78.3 


66.8 


70.9 


73.5 


81.1 


77.6 


67.8 


71.5 


74.1 


80.5 


77.5 



t Wheat is included at the open market price or the Wheat Board's minimum buying price, whichever is the higher. 

(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. 

(2) Bureau of Labour Index of Prices of Finished Products. 



WHOLESALE PRICE INDEX : FARM PRODUCTS 1 : 1936-38 




DJ FMAMJJ ASONDJ FMAMJJ ASONDJ FMAMJJ ASOND 

1936 1937 1938 

* Points in total farm products index. f See note (f) above. 



^7 



DECEMBER 1938 



198 



Millions of Dollars 



VII— INTERNAL TRADE : RETAIL MERCHANDISE SALES 

Dominion Bureau of Statistics 









Type of 


Business 








Distribution bi 


' Areas 






Food 
and 

Clothing 


General 

Mer- 
chandise 


Auto- 
motive 


Building 
Materials 


Furniture 

and 
Household 


All 
Other 


TOTAL 
SALES 


Maritime 


Quebec 


Ontario 


Prairie 


British 
Columbiad) 


Calendar Years 


























192G 


858 


653 


333 


192 


83 


449 


2,568 


175 


575 


998 


591 


229 


1927 


928 


699 


366 


207 


92 


491 


2,783 


185 


625 


1,081 


645 


247 


1928 


986 


743 


420 


220 


106 


561 


3,036 


200 


674 


1,186 


709 


267 


1929 


1,019 


754 


488 


207 


120 


570 


3,158 


215 


722 


1,250 


687 


284 


1930 


911 


681 


382 


162 


102 


518 


2,756 


198 


651 


1,100 


555 


252 


1931 


786 


586 


299 


129 


82 


438 


2,321 


173 


562 


952 


422 


212 


1932 


664 


489 


242 


96 


59 


371 


1,922 


141 


465 


790 


360 


166 


1933 


620 


465 


228 


83 


51 


339 


1,786 


130 


422 


742 


334 


158 


1934 


656 


499 


285 


95 


59 


364 


1,959 


145 


449 


824 


366 


175 


1935 


677 


512 


324 


101 


65 


375 


2,054 


153 


464 


858 


388 


191 


1936 


709 


544 


363 


112 


72 


403 


2,208 


167 


498 


913 


419 


209 


1937 


759 


579 


459 


124 


83 


446 


2,454 


188 


566 


1,022 


443 


233 










Increase. 


or Decrease (-) in 


Retail Merchandise Sales 








1926-29 
1929-33 
1933-37 
1926-37 
1936-37 


19% 
-39% 

22% 

-12% 

7% 


16% 
-38% 

25% 

-11% 

6% 


47% 
-53% 
101% 
+38% 

26% 


8% 
-60% 

49% 
-35% 

11% 


45% 

-57% 

63% 

15% 


27% 

-40% 
32% 

- 1% 
11% 


23% 
-43% 
37% 
-4% 
11% 


23% 

-39% 

45% 

7% 

13% 


26% 
-42% 
34% 
-2% 
14% 


25% 

-41% 

38% 

2% 

12% 


16% 

-51% 

33% 

-25% 

6% 


24% 

-44% 

47% 

1% 

11% 



(I) Including Yukon and Northwest Territories. 



RETAIL MERCHANDISE SALES INDEXES: 1926-37 

TOTAL VALUE BY REGIONS 




1926 '27 '28 '29 '30 
(1) As given in table above. 



'31 '32 '33 '34 '35 '36 '37 1926 '27 28 '29 '30 '31 

(2) D.B.S. index of foods, fuel, clothing, household requirements and sundries. 



'32 '33 '34 
*Index (1) div 



35 

ded by i 



'36 '37 
ndex (2) . 



199 



DECEMBER 1938 



VIIF-ESTIMATED CANADIAN BALANCE OF INTERNATIONAL PAYMENTS 

Dominion Bureau of Statistics 



1936-37 



Millions of Dollars 



1936 



Exports Imports Net Credit 
or Credits or Debits Net Debit 



1937 



Exports 
or Credits 



Imports Net Creclil 

or Debits Net Debit 



Current Account Items 

Merchandise (excluding goldj 

Total imports 

Unrecorded imports of ships 

Domestic exports 

Exports of foreign produce 

Coin other than gold 

Adj.- settlers' effects & other non-commc'l items 
Correction for over- and under- valuation 

Total Merchandise 

Non-Monetary Gold 

Quartz, dust, etc 

Bullion 

Foreign coin 

Net Increase in amount earmarked 

Total Non-Monetary Gold 

Total Merchandise and Gold 

Invisible Items 

Freight 

Tourist expenditures 

Interest and dividends 

Immigrants' remittances 

Government expenditures and receipts 

Charitable and missionary contributions 

Advertising 

Motion picture earnings 

Capital of immigrants and emigrants 

Earnings of Can. residents employed in U.S.A. 
Earnings of U.S. residents employed in Canada 
All other invisible items* 

Total Invisible Items 

Total Current Account 



937.8 
12.7 

1.0 

3.G 



947.9 

5.9 

71.5 
7.5 

47.1 

132.0 
1,079.9 



80.2 
251.3 

76.2 
7.1 
G.5 
1.0 
1.8 

1.7 
3.6 



429.4 
1,509.3 



635.2 
.3 



1.0 

9.1 
1.7 

625.7 



1.0 

1.0 

626.7 



98.0 

110.4 

310.0 

18.0 

11.0 

2.0 

1.4 

3.5 

3.1 

1.7 
15.0 

574.1 

1,200.8 



808.9 
2.3 



322.2 



131.0 
453.2 



17.8 

140.9 

233.8 

10.9 

4.5 

1.0 

.4 

3.5 

1.4 

3.6 

1.7 

15.0 

144.7 
308.5 



997.4 
14.8 

1.4 
3.9 



1,009.7 



7.1 

105.7 

12.0 

20.2 

145.1 
1,154.8 



111.7 

294.7 

7S.S 

7.5 

7.6 

.9 

2.7 

1.6 
4.9 



510.4 
1,665.2 



9.8 
6.2 

796.4 



.1 

.1 

796.5 



137.2 

124.4 

325.0 

22.0 

11.1 

2.0 

2.5 

4.5 

4.1 

1.7 
16.0 

650.5 
1,447.0 



213.3 



145.0 
358.3 



25.5 
170.3 

246.2 

14.;, 

3.5 

1.1 
.2 
4.5 
2.5 
4.9 
1.7 
16.0 

140.1 

218.2 



Capital Account Items 

New issues placed outside Canada (net proceeds) 
Retirements of securities held outside Canada 
Sales and purchases of outstanding securities. 

Insurance transactions 

Net international direct investments 

Estimated change in net assets of Canadian 
banks outside Canada 

Total Capital Account 



106.1 
422.5 



2.(1 
550.2 



270.0 
414.7 



803.9 



106.1 
270.0 
7.8 
fa>.D?4-2 
7^.23^0- 

2.6 

253.7 



89.5 



177.9 
511.4 

3f.f8^e 



506. 6 
24>0 



620.1 



13.0 
818.9 



Balance Due to Errors and Omissions 

(Difference between total debits and total credits including 
both current and capital account). 



54.8 



89.5 

177.9 

13.0 
198.8 



19.4 



♦Consists chiefly of net payments for royalties, entertainment services, etc., not included above. 



DECEMBER 1938 



200 



Cents per unit 



IX— FOREIGN EXCHANGE RATES 

Federal Reserve Bulletin and Bank of Canada^ 



Average of 


Sterling 
Canada 


in 


U.S. Dollar 
in Canada 


Can. Dollar 
in New York 


Sterling in 
New York 


French Franc 
in New York 


Working Days 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 




Percentage 
Premium or 
Discount (2) 


1928 


487.06 


+ 


.08 


100.09 


+ 


.09 


99.91 





.09 


486.62 


- .01 


3.921 


+ .08 


1929 


489.38 


+ 


.56 


100.76 


+ 


.76 


99.25 


— 


.75 


485.69 


- .20 


3.916 


- .05 


1930 


486.98 


+ 


.07 


100.16 


+ 


.16 


99.84 


- 


.16 


486.21 


- .09 


3.925 


+ .18 


1931 


470.66 


_ 


3.29 


103.79 


+ 


3.79 


96.35 


_ 


3.65 


453.50 


- 6.82 


3.920 


+ .05 


1932 


398.02 


- 


18.21 


113.52 


+13.52 


88.09 


- 


11.91 


350.61 


-27.96 


3.928 


+ .26 


1933 


460.73 


- 


5.33 


108.74 


+ 


8.74 


91.96 


- 


8.04 


423.68 


-12.94 


5.031 


+28.41 


1934 


498.91 


+ 


2.52 


99.00 


_ 


1.00 


101.01 


+ 


1.01 


503.93 


+ 3.55 


6.569 


+67.67 


1935 


492.68 


+ 


1.24 


100.51 


+ 


.51 


99.49 


— 


.51 


490.18 


+ .72 


6.601 


+68.48 


1936 


497.45 


+ 


2.22 


100.06 


+ 


.06 


99.91 


— 


.09 


497.09 


+ 2.14 


6.114 


+56.05 


. 1937 


494.37 


+ 


1.59 


99.99 


- 


.01 


100.00 




— 


494.40 


+ 1.59 


4.046 


+ 3.27 


1937-July 


497.36 


+ 


2.20 


100.13 


+ 


.13 


99.86 


_ 


.14 


496.72 


+ 2.07 


3.805 


- 2.88 


Aug. 


498.26 


+ 


2.38 


100.01 


+ 


.01 


99.88 


— 


.02 


498.22 


+ 2.38 


3.750 


- 4.29 


Sept. 


495.32 


+ 


1.78 


100.00 




— 


99.98 


— 


.02 


495.30 


+ 1.78 


3.519 


-10.18 


Oct. 


495.42 


+ 


1.80 


99.98 


— 


.02 


100.02 


+ 


.02 


495.53 


+ 1.82 


3.349 


-14.52 


Nov. 


499.07 


+ 


2.55 


99.92 


— 


.08 


100.07 


+ 


.07 


499.61 


+ 2.66 


3.395 


-13.35 


Dec. 


499.85 


+ 


2.71 


100.04 


+ 


.04 


99.95 


- 


.05 


499.64 


+ 2.67 


3.395 


-13.35 


1938-July 


495.62 


+ 


1.84 


100.54 


+ 


.54 


99.44 


_ 


.56 


492.91 


+ 1.29 


2,766 


-29.40 


Aug. 


489.70 


+ 


.63 


100.34 


+ 


.34 


99.65 


— 


.35 


488.08 


+ .29 


2.733 


-30.24 


Sept. 


483.35 


— 


.68 


100.62 


+ 


.62 


99.39 


— 


.61 


480.40 


- 1.29 


2.692 


-31.29 


Oct. 


481.20 


- 


1.12 


100.93 


+ 


.93 


99.08 


— 


.92 


476.79 


- 2.03 


2,666 


-31.95 


Nov. 


474.13 


— 


2.57 


100.72 


+ 


.72 


99.28 


— 


.72 


470.75 


- 3.27 


2.634 


-32.77 


Dec. <3) 


471.67 


— 


3.08 


100.88 


+ 


.88 


99.13 


— 


.87 


467.58 


- 3.92 


2.632 


-32.81 



(1) Except for Sterling and the U. S. Dollar in Canada in 1936 and after, which are noon middle rates, all quotations are based on noon buying rates in 
New York. (2) Based on pre-1931 pars of $4.86656, $1.00 and 3.9179 c. respectively. (3) Dec. 1-20. 



FOREIGN EXCHANGE ■ CANADIAN DOLLAR AND POUND STERLING IN NEW YORK : 1935-38 




OjrMAMJJASONDjrMAMJJASONDJFMAMJJASONDjrMAMJJASOND 
1935 1936 1937 1938 

* WCCKLY AVCRAOC in (93a. 



201 



DECEMBER 1938 



Millions of Dollars 



X— EXTERNAL TRADE : MERCHANDISE IMPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Fruits, 
Nuts and 
Vegetables 


Sugar 

and 

Products 


Rubber 

and 
Products 


Petroleum 
Asphalt 

and 
Products 


Coal and 

Coke 
Products 


Textiles 

and 
Fibres 


Iron 
and 
Steel 


Machinery 

and 
Vehicles 


Non- 
ferrous 
Metal 
Products 


Chemical 
Products 


All 
Other 


Total 

Merchandise 

Imports (l) 


Calendar Year Totals 


























1920 


40 


38 


30 


53 


67 


184 


98 


122 


51 


31 


294 


1,008 


1929 


50 


28 


23 


78 


64 


199 


139 


203 


91 


40 


385 


1,299 


1932 


27 


17 


4 


43 


35 


69 


30 


37 


22 


28 


141 


453 


1933 


22 


16 


5 


31 


31 


70 


29 


32 


18 


24 


124 


401 


1934 


26 


17 


10 


41 


40 


84 


43 


51 


26 


28 


148 


513 


1935 


28 


19 


10 


44 


38 


85 


51 


61 


34 


30 


152 


550 


1936 


33 


21 


12 


50 


40 


99 


57 


79 


35 


32 


179 


635 


1937 


35 


21 


19 


59 


42 


115 


87 


124 


47 


37 


222 


809 


12 Months Ending 


























Nov. 1938 (2) 


30 


21 


12 


* 


* 


89 


60 


107 


39 


35 


* 


686 


Monthly Totals 


























1937— June 


4.8 


2.1 


2.2 


6.4 


3.6 


10.7 


8.7 


11.9 


3.8 


3.2 


18.3 


75.7 


July 


3.4 


1.8 


1.2 


6.8 


3.5 


9.8 


9.1 


9.8 


4.7 


3.2 


18.6 


72.0 


Aug. 


2.8 


2.3 


1.8 


7.0 


3.4 


9.1 


8.8 


8.4 


4.0 


2.9 


19.5 


70.0 


Sept. 


2.9 


2.6 


1.4 


7.2 


3.8 


8.4 


8.2 


9.3 


3.9 


3.0 


19.6 


70.2 


Oct. 


2.7 


3.0 


2.9 


6.9 


4.5 


9.8 


8.6 


11.9 


4.9 


3.6 


23.7 


82.1 


Nov. 


2.8 


2.6 


2.2 


6.9 


4.8 


9.5 


8.2 


11.9 


4.5 


4.7 


22.7 


80.6 


1938— June 


3.6 


2.4 


1.2 


6.7 


3.0 


6.1 


4.8 


8.6 


3.3 


2.7 


16.7 


58.9 


July 


2.9 


2.2 


1.0 


6.9 


3.3 


6.7 


5.0 


7.3 


3.4 


2.7 


14.6 


55.8 


Aug. 


2.0 


2.3 


.8 


6.0 


3.2 


7.0 


5.7 


9.5 


2.8 


2.9 


14.8 


57.0 


Sept. 


1.9 


1.7 


.7 


6.6 


3.6 


6.9 


4.1 


7.1 


3.3 


3.1 


17.4 


56.4 


Oct. 


2.6 


2.4 


1.3 


5.6 


4.0 


8.5 


5.1 


7.4 


3.5 


4.4 


19.1 


63.9 


Nov. (2) 


2.9 


2.2 


1.3 


* 


* 


7.9 


6.0 


7.7 


3.0 


4.2 


* 


63.3 



(1) Includes Merchandise Re-exports. 



(2) Preliminary. *Not yet available. 



MERCHANDISE IMPORTS : CHIEF COMMODITY CLASSIFICATIONS 



PERCENTAGE INCREASE IN VALUE 



12 MONTHS ENDING OCT. 1937 

FROM 
12 MONTHS ENDING OCT 1936 



SUGAR AND PRODUCTS 



FRUITS NUTS g. VEGETABLES 




//////y 



PERCENTAGE DECREASE IN VALUE 

12 MONTHS ENDING OCT. 1938 

FROM 
12 MONTHS ENDING OCT 1937 




TOTAL IMPORTS 



RUBBER AND PRODUCTS 



IRON AND STEEL 



MACHINERY 8. VEHICLES 




60% 40% 20% O 

IUCHIEFLV IN THE roHM OF MANUFACTURED PRODUCTS SUCH AS ELECTRICAL EQUIPMENT 



20% 



40% 



60% 



DECEMBER 1938 



202 



Millions of Dollars 



X— EXTERNAL TRADE : MERCHANDISE EXPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Grains 
and 
Flour 


Cattle, 

Meat 

and Fish 


Butter 

and 
Cheese 


Furs, 

Skins and 

Raw 

Leather 


Non- 
Monetary 
Gold(2) 


Other 
Non- 
Ferrous 
Metals 


Lumber 

and 
Shingles 


Paper, 

Wood Pulp 

and 

Pulpwood 


Machinery 

and 
Vehicles 


Chemical 
Products 


All Other 


Total 
Merchandise 

Exports(U(2) 


Calendar Year Totals 


























1926 


474 


81 


28 


34 


14 


75 


71 


188 


60 


17 


235 


1,275 


1929 


322 


65 


19 


38 


11 


144 


57 


212 


74 


22 


226 


1,189 


1932 


160 


27 


10 


14 


61 


44 


15 


110 


12 


11 


87 


550 


1933 


146 


35 


9 


18 


79 


61 


21 


101 


15 


13 


112 


609 


1934 


162 


49 


7 


20 


110 


90 


30 


120 


28 


14 


130 


759 


1935 


166 


55 


8 


23 


117 


116 


33 


129 


38 


16 


141 


842 


193G 


269 


69 


13 


28 


132 


134 


43 


150 


36 


18 


179 


1,070 


1937 


161 


85 


14 


27 


145 


195 


52 


190 


47 


22 


204 


1,143 


12 Months Ending 


























Nov. 1938 (3) 


120 


71 


14 


20 


164 


180 


41 


158 


43 


20 


179 


1,008 


Monthly Totals 


























1937 — June 


19.6 


7.4 


1.1 


1.5 


19.9 


18.4 


5.1 


17.6 


4.6 


2.1 


16.7 


113.9 


July 


15.3 


7.9 


2.3 


1.9 


11.7 


17.0 


4.8 


17.3 


5.6 


1.6 


17.0 


102.5 


Aug. 


11.8 


8.5 


1.9 


1.9 


12.3 


19.2 


5.1 


17.1 


5.3 


1.4 


16.9 


101.5 


Sept. 


10.6 


7.0 


2.1 


1.4 


11.6 


15.3 


6.1 


17.7 


3.2 


1.5 


17.5 


94.2 


Oct. 


16.7 


7.1 


2.7 


1.0 


11.4 


17.1 


4.6 


17.8 


3.3 


1.5 


21.4 


104.6 


Nov. 


22.5 


6.9 


2.7 


.9 


12.1 


19.1 


4.2 


17.2 


3.4 


1.8 


22.1 


112.8 


1938— June 


10.8 


5.6 


.8 


.9 


11.1 


11.8 


3.6 


12.5 


4.5 


1.7 


13.7 


77.0 


July 


9.9 


5.7 


1.7 


1.2 


11.5 


11.5 


4.3 


13.3 


3.2 


1.3 


14.0 


77.6 


Aug. 


7.9 


5.2 


1.6 


1.8 


16.6 


15.2 


4.1 


15.6 


2.9 


1.4 


13.4 


85.7 


Sept. 


10.9 


6.0 


2.4 


1.1 


14.8 


15.7 


3.8 


13.8 


2.6 


1.2 


14.7 


87.0 


Oct. 


18.8 


6.4 


2.0 


1.1 


15.0 


18.2 


3.4 


15.3 


2.3 


1.8 


18.8 


103.1 


Nov. (3) 


16.4 


7.3 


1.9 


1.5 


15.3 


17.0 


3.5 


14.8 


2.6 


1.6 


19.4 


101.3 



( 1) Exports of Canadian Produce. (2) Net exports, adjusted for changes in "earmarked" gold. (3) Preliminary. 



100% 



80% 



60% 



40% 



20% 



PERCENTAGE DISTRIBUTION OF EXPORTS^ BY VALUE ■ 1926-38 

CALENDAR YEAR TOTALS* 







»: ■ ■ "' ■ ' '"■ '■'."'; 




5 NEWSPRINT, WOOD-PULP AND LUMBER \ 












ijj'/M'/////^^^^^ 


^^^^^^^^^^^^^^^^^^^^^^^^^^^^ MISCELLANEOUS </^/M0O%/ y 




WMMMX^SM^MM' 








^XXXXX^ EOOD PRODUCTS StS&SfySt 








■'.,•.■'.■'; .'\x.' 








^■"^THER NON-EERROUS METALS fift 





100% 



80% 



60% 



40% 



20% 



. 1927 1928 1929 

RUNNING 12 MONTH TOTALS IN 1937-16 



1935 1936 1937 1938 



203 



DECEMBER 1938 



XI— NON-METALLIC MINERALS : 1910-37 

VOLUME AND VALUE OF PRODUCTION 

Dominion Bureau of Statistics 



Calendar 


Coal 


Natural Gas 


Crude Petroleum 


Asbestos 


Salt 


Gyi 


SUM 


Years 


tons mm. 


S mm. 


cu. ft. billions 


$ mm. 


bbl. 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


1910 


12 


30.9 


* 


1.3 


316 


.4 


102 


2.6 


84 


.4 


525 


.9 


1915 


13 


32.1 


20 


3.7 


215 


.3 


137 


3.6 


120 


.6 


475 


.9 


1920 


17 


82.5 


17 


4.2 


196 


.8 


200 


14.8 


210 


1.5 


429 


1.9 


1926 


16 


59.9 


19 


7.6 


364 


1.3 


279 


10.1 


263 


1.5 


884 


2.8 


1929 


17 


63.1 


28 


10.0 


1,117 


3.7 


306 


13.2 


330 


1.6 


1,212 


3.3 


1932 


12 


37.1 


23 


8.9 


1,044 


3.0 


123 


3.0 


264 


1.9 


439 


1.1 


1933 


12 


35.9 


23 


8.7 


1,145 


3.1 


158 


5.2 


280 


1.9 


383 


.7 


1934 


14 


42.0 


23 


8.8 


1,411 


3.4 


156 


4.9 


322 


2.0 


461 


.9 


1935 


14 


42.0 


25 


9.4 


1,447 


3.5 


210 


7.1 


360 


1.9 


542 


.9 


1936 


15 


45.8 


28 


10.8 


1,500 


3.4 


301 


10.0 


391 


1.8 


834 


1.3 


1937 


16 


48.7 


30 


11.7 


2,944 


5.4 


410 


14.5 


459 


1.8 


1,047 


1.5 



Calendar 


Cement 


Quarried Stone 


Sand and Gravel 


Building Brick 


Lime 


ALL (1; 
OTHER 


Total 


Years 


bbl. mm. 


$ mm. 


tons mm. 


$ mm. 


tons mm. 


$ mm. 


bricks mm. 


$ mm. 


lbs. mm. 


$ mm. 


$ mm. 


$ mm. 


1910 


4.8 


6.4 


* 


3.7 


1 


.4 


696 


5.9 


408 


i.i 


3.2 


57.4 


1915 


5.7 


7.0 


* 


4.2 


* 


1.6 


285 


2.2 


352 


1.0 


4.0 


61.3 


1920 


6.7 


14.8 


* 


7.6 


12 


4.2 


388 


6.8 


660 


3.8 


7.0 


149.9 


1926 


8.7 


13.0 


6.4 


7.9 


17 


4.9 


358 


6.5 


828 


3.8 


5.9 


125.2 


1929 


12.3 


19.3 


9.6 


12.1 


28 


7.3 


459 


8.0 


1,348 


5.9 


8.9 


156.4 


1932 


4.5 


6.9 


4.7 


4.9 


14 


4.5 


100 


1.8 


642 


2.4 


3.6 


79.2 


1933 


3.0 


4.5 


2.9 


3.0 


12 


4.5 


68 


1.1 


648 


2.4 


3.3 


74.5 


1934 


3.8 


5.7 


4.1 


4.2 


15 


4.0 


86 


1.4 


736 


2.7 


4.0 


84.1 


1935 


3.6 


5.6 


4.3 


5.3 


21 


6.4 


100 


1.6 


810 


2.9 


4.1 


90.5 


1936 


4.5 


6.9 


5.0 


5.1 


22 


6.9 


116 


1.7 


936 


3.3 


5.4 


102.5 


1937 


6.2 


9.1 


6.9 


6.9 


27 


10.5 


154 


2.4 


1,094 


4.0 


7.9 


123.2 



(1) Consists chiefly of Sulphur, Magnesitic Dolomite, Quartz, etc. *Not available. 

PRODUCTION OF NON-METALLIC MINERALS: 1925-37 



THOUSANDS 



MILLIONS 



3000 



2000 



1 000 



I000 




1925 '26 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 "37 1925 '26 '27 '28 29 '30 '31 '32 '33 34 35 '36 3' 



DECEMBER 1938 



204 



XII— U.K. STATISTICS 



1 MILLIONS 



i MILLIONS 



LONDON CLEARING BANKS 



A j^ 

\ Wnft 




2400 



2200 



2000 




£ MILLIONS 1930-100 



900 



800 



700 



/ 



LONDON CLEARING BANKS - 



.s\ 






s* 



INVCSTMCNTS 




900 120 



800 



700 








■ f. JAW 15 1957 



HAND BOUND 




University of Toronto 
r Library 

M)vemnienf 




Acme Library Card Pocket 
LOWE-MARTIN CO. LIMITED 



UNIVERSITY 

OF TORONTO 

PRESS